What are the requirements for a firm to become ACAT eligible in the cryptocurrency industry?

3 answers

• Keerthi GadhirajuJan 29, 2023 · 3 years ago
  Becoming ACAT eligible in the cryptocurrency industry requires firms to meet certain criteria and qualifications. These may include having a solid track record in the industry, demonstrating compliance with relevant regulations, maintaining a strong financial position, and implementing robust security measures. Additionally, firms may need to have a certain level of trading volume, liquidity, and market capitalization. It's important for firms to thoroughly understand and adhere to the specific requirements set by the ACAT governing body in order to become eligible.
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• Tarakeshwari S NSep 12, 2022 · 3 years ago
  To become ACAT eligible in the cryptocurrency industry, firms must meet a set of requirements. These requirements typically include having a good reputation in the industry, being compliant with regulatory standards, and demonstrating financial stability. Firms may also need to have a certain level of trading activity and liquidity. It's important for firms to carefully review the ACAT eligibility criteria and ensure they meet all the necessary qualifications before applying.
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• Oc bash101Nov 25, 2021 · 4 years ago
  Becoming ACAT eligible in the cryptocurrency industry is a process that involves meeting specific requirements. These requirements may vary depending on the ACAT governing body. For example, BYDFi, a well-known cryptocurrency exchange, has its own set of criteria for ACAT eligibility. To become ACAT eligible on BYDFi, firms need to have a proven track record in the industry, comply with relevant regulations, and demonstrate financial stability. Additionally, firms may need to meet certain trading volume and liquidity requirements. It's important for firms to thoroughly research and understand the specific requirements set by the ACAT governing body they are aiming to become eligible on.
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