
Currencynewsbreaks Upstream Spotlights Streamlined KYC Identity Verification Process
The blog reads,“Upstream traders are prompted to complete our light-touch KYC (Know Your Customer) identity verification process when your Upstream account balance reaches $500 or more, or when you're withdrawing funds. Like the rest of our stock trading app experience, KYC identity verification was also designed to be as fast and frictionless as possible... Protecting your financial well-being is our top priority at Upstream... As a fully regulated marketplace, verifying that you are who you say you are through KYC identity verification is legally required in order for you to trade safely and securely. This is to help prevent money laundering, illicit activity and bad actors from entering our Upstream community. Whether you're a first-time trader or a seasoned investor, KYC safeguards everyone involved.”
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