Re:Lessons from Coinbase’s Wild Ascent
by tlb on Wednesday October 10, 2018 @10:19AM
(#18185053)
A large class of features are necessary for scaling: those that automate something that previously required a support call. Handling all the KYC verification for every state and country, for example, takes a lot of engineering.
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Re:Lessons from Coinbase’s Wild Ascent
by contingencies on Wednesday October 10, 2018 @10:37PM
(#18190649)
My impression was most businesses in the space outsource this to specialist providers for legal reasons before and above internal process scaling reasons.
Fraud prevention, compliance, and security are the actual hard parts of running a cryptocurrency exchange. Doing these things well has largely determined the winners and losers in the space. I don't know of any major cryptocurrency exchange that outsources them.