Forming corporate accounts for Kraken

[samdan777712]

interested in those who have incorporated various structures in order to make accounts for kraken. I asked about compliance issues with kraken and their department hasn't gotten back in touch with me.

I'm wondering if I make an international business company with myself appointed as the ultimate beneficiary and the director if they'll let me use 50x leverage. Frank Dodd ECP law is hyper complex convoluted crap. I also want to make a regular corporate account for myself even if it's not 50x leverage.

[josephdd1]

interested in those who have incorporated various structures in order to make accounts for kraken. I asked about compliance issues with kraken and their department hasn't gotten back in touch with me.

I'm wondering if I make an international business company with myself appointed as the ultimate beneficiary and the director if they'll let me use 50x leverage. Frank Dodd ECP law is hyper complex convoluted crap. I also want to make a regular corporate account for myself even if it's not 50x leverage.

I think you will have to actually have proper registration to pass for corporate accounts. no matter your investment capacity, margin trades are incredibly risky for exchanges, just look at the losses at poloniex. So I think exchanges will be extremely reluctant into letting you open corporate accounts that way.

[Kraken-Chase]

interested in those who have incorporated various structures in order to make accounts for kraken. I asked about compliance issues with kraken and their department hasn't gotten back in touch with me.

I'm wondering if I make an international business company with myself appointed as the ultimate beneficiary and the director if they'll let me use 50x leverage. Frank Dodd ECP law is hyper complex convoluted crap. I also want to make a regular corporate account for myself even if it's not 50x leverage.

Samdan777712,

We apologize for the delay in responding, however please feel free to PM me your ticket # and I’ll make certain your ticket, as well as your questions are looked into by the team.

[samdan777712]

I get confuseed on frank and dodd if its 10 million in asset worth or 1 mil net worth or both. ECP status is basically for the rich, but again people misrepresent it. Not all of the ECP status's require 1million.

There's at least a chance of me being able t o do it as an investment fund, if the fund is registered. Not easy or cheap, but hypothetically possible with a few hundred thousand and a family office. Much much easier than having 10 million or 1 million.

I'm not sure if Kraken is just afraid to answer these legal questions or what, but it's pretty difficult to do anything without any feedback from the exchange. It's not just what the lawyers tell me to do, I still need to know what Kraken wants.