Citadel Securities-backed prime brokerage Hidden Road has halted client access to cryptocurrency trading platform Bybit, according to Bloomberg, which cited anonymous sources.

Hidden Road ending client access to Bybit comes on the heels of disagreements related to know-your-customer (KYC) and "anti-money laundering requirements," the report also said, again citing anonymous sources.

Bybit and Hidden Road did not immediately respond to requests for comment.

"Dubai-based Bybit said in response to questions from Bloomberg News that it has started a 'comprehensive compliance review' of its prime brokerage business. The review is aimed at ensuring compliance with relevant regulations as well as improving how customers are on-boarded by brokers," according to the report. Bybit did not comment on its dealings with Hidden Road, also according to the report.

Last month, Bloomberg also reported Hidden Road was looking to raise $120 million in a series B equity round. Hidden Road provides prime brokerage services for foreign exchange and digital asset markets.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。