What is Crypto Exchange?
Cryptocurrencies gained global attention in 2017 when Bitcoin’s value surged from $921.35 to $13,062.15 within a year. This sudden rise in Bitcoin’s price highlighted the potential of blockchain-based currencies, attracting widespread interest. Despite Bitcoin’s subsequent price fluctuations, interest in cryptocurrencies continues to grow steadily.
Today, the interest in cryptocurrencies is at an all-time high, extending beyond Bitcoin to include Ethereum, Litecoin, and Ripple. This surge in both value and interest indicates a favorable environment for establishing a crypto exchange. Such an exchange serves as a platform where customers can trade their fiat currencies for cryptocurrency.
Given the normalization of cryptocurrency, there has never been a more opportune moment to run a crypto exchange.
Why Crypto Exchange Merchants need to apply for a Merchant Account
Are you Eligible for a Crypto Exchange Merchant Account?
IntegralPay tries to be as flexible as possible with our clients. We consider each application based on the circumstances of the business owner. You will receive fair treatment throughout the review process.
Do you have questions about our review process and merchant account eligibility requirements? If so, contact our team to have all your questions answered.
Supporting Documents Checklist
- Drivers License or Government Issued Photo ID
- Document showing Proof of Company Registration (Sole Proprietorship, LLC, ETC)
- Voided Check/Bank Letter
- 3 Months Bank Statements
- 3 Months Processing Statements (if available)
- Articles of Incorporation
- Crypto Exchange License
- Merchant Accounts for this business category are only available for merchants based in Europe
- Complete compliance requirements will be specified based on the merchant’s location and target market
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