Binance Says It Lost 90% Of Customers, ‘Billions In Revenue’ Due To KYC Compliance

The world’s largest cryptocurrency exchange has reportedly lost out on a significant chunk of potential revenue due to KYC compliance. What Happened: In a recent interview with CoinDesk, Binance compliance team Tigran Gambaryan and Matthew Price, former investigators at the U.S. Internal Revenue Service’s cybercrime unit, said that the exchange’s tighter KYC policies had come at a cost to the business.