Crypto exchange KuCoin to make KYC compulsory for all users from July 15

Cryptocurrency exchange KuCoin on Wednesday announced that it will make Know Your Customer (KYC) authentication mandatory for all users on its platform on July 15. This, according to the company, will be in line with global compliance norms.

According to the announcement, all the users who register on the platform on or after July 15 will mandatorily need to go through KYC authentication to get access to all products and services.

For the users who register before July 15, the failure to comply with the KYC process will restrict their access to “certain features”. These features will include spot trading sell orders, futures trading deleveraging, margin trading deleveraging, KuCoin Earn redemption, and ETF redemption.