Crypto Exchange Blockbid Deploys Bank-Grade KYC Tech

David Sapper, COO at BlockBid tells WatersTechnology that together with his team, they found that often cryptocurrency exchanges lacked transparency and accountability, and were working in a “gray” area.

He argues that what consumers require from the financial institutions of today has not been applied in the crypto markets. “We understood that there is a large gap for an exchange that wants to step forward and say that this is the bar that needs to be set for every single exchange,” he says.