How the crypto exchange BitClude used Mati to comply with KYC regulations in Europe and accelerate its growth
+1000 new users registering to BitClude each month
< 1 day to integrate Mati on their platform and start verifying users
19 sec The average time a user need to complete the verification flow
+10 The number of European countries BitClude has opened
Can you explain us what problem you were trying to solve with Mati?
Immediately after we decided to launch Bitclude in Europe, the biggest question was about how to become compliant. Within our industry, any issue with regulators or fraud can kill your business. When you deal with regulators in Europe, having a serious and legit identity provider is the smartest thing to do to your business. So we were looking for a solution that could make us compliant in theeyes of regulators in Europe, as well as making sure we do not have fraud on our platform.
BitClude is a cryptocurrency exchange platform created in 2017 in Poland by a team of blockchains developers. The mission of the company is to provide a worldwide service of exchanging currencies for all, equally and transparently, and the company have been expanding in the last two years, helping its users to buy or sell crypto in less than 5 minutes, through an integration with banking system platforms. We recently met with its CEO Jakub Wierzcholski to understand why he originally chose Mati to support his business, and how he's using our User Verification platform today.