Hidden Road Stops Offering Clients Access to Crypto Venue Bybit

Citadel Securities-backed prime brokerage firm Hidden Road will stop offering its clients access to trading on Bybit, the third-largest crypto exchange by volume, according to people with knowledge of the matter.

Hidden Road informed clients about the decision a few weeks ago, two of the people said, asking not to be named discussing sensitive information. The move was sparked by a disagreement between the two companies over Bybit’s know-your-customer and anti-money laundering requirements, the people added.

Regulators in the US and elsewhere are tightening scrutiny of how crypto exchanges ensure they’re not being used for money laundering and sanctions ...