Round 2 after huge susses with cripto // debit i wanted to dust off an old plan.
We were building a (centralized) exchange that runs on Binance liquidity which allow user to trade free without any limits and KYC. I would love to get some feedback and ideas. The exchange is already finished. But there are thousands of exchanges to choice from, and I don't know if here is a big interested in this idea. Love to hear your side.
Did you plan right before the implementation of the exchange? There is no way a user can generate a unique API on Binance exchange without undergoing their mandatory verification exercise, you cannot tap into their liquidity except you are recognized by them.
As an alternative means to achieve this, you may want to check out centralized exchanges like Kucoin and FTX that don't require KYC to some limit but if that become possible, how do you intend to handle law enforcement, some countries are very strict with KYC since some users used that as a route to evade tax.