I believe that KYC is required by big centralized cryptocurrency exchanges (CEXs) like Bitget due to security and compliance concerns. I understand why they need it from a security standpoint.
Market Close: We're probably not going to see a contrarian September rally – but this way, 2025 might see a Santa Rally
SKK Stakk – formerly Douugh – rockets +300% on deal with Robinhood, the US trading app of 'meme stock' fame