Opening Corporate Crypto Accounts: Lessons from My Experience with Top Platforms

The business world is increasingly integrating crypto into its processes. And if earlier it was perceived mainly as an investment instrument or a way to diversify a portfolio, today it is increasingly becoming the basis of the payment infrastructure.

An illustrative example is the results of Pantera Capital's Blockchain Compensation Survey 2024: in just one year, the share of employees receiving payment in crypto assets increased from 3% in 2023 to 9.6% in 2024.

At the same time, major financial players are actively entering the game. A report by Coinbase and EY-Parthenon shows that 83% of institutional investors plan to increase their cryptocurrency investments in 2025. This dynamic creates new requirements for the market, and one of the key ones is the development of corporate account infrastructure.

Opening a Corporate Account: What Companies Need to Know

Corporate accounts are special profiles created for companies, foundations, institutions, and other organizations. They provide advanced features for financial management, cryptocurrency trading, integration with business processes, and large transactions. In particular, creating a corporate account opens up several important business opportunities:

• Allows diversification of the company's financial assets, including crypto in the portfolio;

• Simplifies payments to partners and customers, as payment and receipt of cryptocurrencies is fast and direct;

• In certain jurisdictions, companies can take advantage of tax benefits from using crypto assets in business processes.

• Businesses get access to additional financial instruments, such as crypto lending and trading, which can become a new source of income.

How to Open a Corporate Account on a Crypto Platform?

Opening a corporate account requires a mandatory stage, namely KYB verification (Know Your Business). It allows the platform to check the data about the legal entity and assess the possible risks of cooperation.

To apply, the company fills out a special form where it provides detailed information about itself: from basic data and business structure to information about shareholders, beneficiaries, directors and officers. It is also necessary to prepare a package of corporate documents that will confirm this information and pass verification.

Usually, it takes up to 5 business days to process an application on most exchanges, provided that a full package of documents is provided. However, the process may take longer if additional information is required.

It should also be borne in mind that the speed of processing a request depends not only on the availability of all the necessary documents, but also on the prompt response of the support service.

KYB is a key element in creating a secure environment that protects users from fraud, money laundering and other illegal activities. It is no longer just a recommended practice, but a mandatory requirement that regulators are actively promoting and monitoring as part of their risk management and compliance efforts.

As Kronos Research CEO Hank Huang notes in his commentary for one of the well-known KOLs on CoinMarketCap:

‘KYB serves as a cornerstone for trust, compliance, and risk management are key factors in building lasting relationships with investors and partners. For global companies, especially in sectors like crypto and Web3, it demonstrates credibility and a commitment to transparency, sending a clear signal of reliability in an increasingly regulated and connected business environment.’

Choosing the Right Crypto Exchange for Your Business: Insights from My Experience with Top Platforms

Over the years of working with various startups and companies, I have repeatedly seen how important it is to choose the right crypto exchange to integrate financial instruments into business processes.

Each platform has its own strengths: for some, fast and cheap payments are important, for others, OTC transactions or margin trading, and for others, the automation of financial flows through APIs and staking. 

Now, I will compare the leading exchanges and show what opportunities they open up for companies that want to work effectively with cryptocurrencies.

Kraken

• Personalized deposit and withdrawal limits;

• Access to Kraken’s OTC trading terminal;

• Access to margin and futures trading;

• Higher API limits;

• Ability to trade with Kraken Pro; 

• Earn rewards through staking;

WhiteBIT

• SEPA payments with individual limits (fixed fee €5, limits starting from €100,000 for deposits and withdrawals);

• Ability to become a liquidity provider with a VASP license and completed KYB procedure;

• Access to e-commerce solutions such as Whitepay for integrating crypto payments into business;

• Reduced trading fees depending on volume;

• Possibility to enter partnership and brokerage agreements;

• Access to OTC/RFQ deals for euro transactions;

• Agreements on the exchange and storage of funds;

• Possibility of token listing;

Coinbase

• Ability to accept instant global payments with low transaction fees and no chargebacks;

• Automate payouts and cash flows via Coinbase API;

• Buy, sell, and store cryptocurrencies;

• Preferential interest rates to earn on idle funds;

• Integration with mainstream accounting software to simplify bookkeeping, ensure regulatory compliance, and export tax reports;

Gemini

• Access to personalized execution of high volume trades through Gemini's OTC services or eOTC platform;

• Advanced tools including real-time data, advanced charts, various order types and cross-collateralized trading; 

• Ability to easily integrate their systems using API REST/FIX and WebSocket;

• Participate in staking, earning rewards with simplified access;

Bitget

• Lower trading fees on spot, futures, and copy trading;

• Higher API rate limits;

• Higher daily withdrawal limits;

• Trusted third-party custodial services;

• Special discounts on crypto loans with higher borrowing quotas;

To summarize, corporate accounts on crypto exchanges are not about complexity but about opportunities. The right choice of platform, preparation of documents, and KYB verification give companies control, security, and flexibility in financial management. After all, crypto is a tool that works for business, not vice versa.