It's just an industry norm, nothing to fuss about. Publicly listed Coinbase does it, unlisted Binance does it, OKX, which is preparing to go public, does it too. Other financial institutions can’t escape this either. Coinbase’s official help page explains it very clearly: For legal, compliance, and anti-fraud purposes, identity verification is required when opening an account, and periodic re-verification is done for record-keeping. Binance’s help page even has a specific section titled, 'Why do I need to re-verify from time to time?' It mentions that users will be notified in batches. The term 'in batches' is the same approach as OKX saying it only involves a small number of users. Going further up the chain, FATF’s Recommendation 10 states that financial institutions must conduct ongoing customer due diligence throughout the duration of the business relationship. KYC has never been a one-and-done process. Domestic brokerages follow the same system. After a customer’s risk level is initially determined, it must be reviewed at least once every three years. If ID documents expire and aren’t updated, business operations can be directly suspended. In August this year, Bybit also required some users in Brazil to update their information. Why is everyone rushing to do this by 2026? Because of the OECD’s Crypto-Asset Reporting Framework (CARF). The first exchange of information among 46 jurisdictions is set for 2027. The entire industry is catching up this year. So, if you get a notification to update, just do it. It’s a procedural thing and has nothing to do with any issues with your account. #KYC #Crypto #Compliance #Coinbase #Binance #OKX #Bybit #FATF #CARF #CryptoRegulations