OpenTrade Docs
  • 👋Welcome to OpenTrade
    • 💻Platform Overview
    • ⛓️Blockchain Protocol
    • 🖥️Web Application
    • 🪙Supported Digital Assets
    • 🌐Supported Blockchain Networks
    • 📂Supported Digital Wallets
  • Stablecoin Yield
    • 📘Product Overview
      • 🗳️Vaults
      • 🏛️Key Parties
      • 🔐Loan Collateral
      • ➡️Making Loans
      • 🪙Vault Tokens
      • 🧮Exchange Rates
      • 🗓️Calendar & Business Days
      • 👩‍⚖️Legal
        • 🛡️Bankruptcy Remote Structure
        • 📗Master Lending Agreement
        • 📓Loan Confirmations
        • 📃Security Trust Deed
        • 📙Platform Terms of Service
        • 🔍Privacy & Cookie Policies
    • 💸Stablecoin Yield Vaults
      • 🏦Money Market Fund Vaults
        • 💵USD Money Market Fund Vault
          • 💰Interest Rate & Fees
          • ➡️Making Loans
          • ⬅️Withdrawals
        • 💵Franklin Templeton Benji MMF Vault
          • 💰Interest Rate & Fees
          • ➡️Making Loans
          • ⬅️Withdrawals
        • 💵Flexible Term USDC Vault
          • 💰Interest Rate & Fees
          • ➡️Making Loans
          • ⬅️Withdrawals
        • 💶Flexible Term EURC Vault
          • 💰Interest Rate & Fees
          • ➡️Making Loans
          • ⬅️Withdrawals
      • 🏭High Yield Corporate Bond Vault
        • 💰Interest Rate, Exchange Rate, Fees
        • ➡️Making Loans
        • ⬅️Withdrawals
      • Managed DeFi Yield Vault (Beta)
        • 💰Interest Rate & Fees
        • ➡️Making Loans
        • ⬅️Withdrawals
      • 📆Fixed Term US Treasury Bill Vaults
        • ⏳Fixed Term Vault Mechanics
        • 🎟️Interest Rates & Fees
        • 🔄Early Withdrawal Requests
        • 🟢Loan Rollovers & Rollover Termination
        • 💬Loan Statuses
        • 🖱️Lender App Overview
  • 💻Integrations
  • ⚙️Contract Addresses
  • 🛡️Code Audits
  • 📥Onboarding
    • ✅Eligibility Requirements
  • 🧑‍💻User Guides
    • 🏎️Getting Started
    • 🔥Fireblocks Users
      • 🔄End-to-End
      • ✅Whitelisting Contracts
      • ⚙️Configuring Your TAP
      • 🔌Connecting via WalletConnect
      • 🪙Listing a Vault Token
      • ⬆️Making an Investment
      • ⬇️Making a Withdrawal Request
    • Safe{Wallet} Users
    • 🟣Circle Mint Users
    • 🟦Coinbase Prime Users
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  • No Retail Users
  • Prohibited Countries
  • Enhanced Due Diligence
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  1. Onboarding

Eligibility Requirements

Learn more about who is eligible (and who is not) to use OpenTrade.

No Retail Users

Notwithstanding passing KYC/AML/CFT checks and sanctions screening, OpenTrade clients must be high-net worth individuals, companies, professional clients, sophisticated investors, accredited investors, or the equivalent in the jurisdiction in which they reside and/or operate. Retail users are not eligible for onboarding to OpenTrade.

Prohibited Countries

OpenTrade will not onboard any individual or company residing and/or operating in countries subject to sanctions by US, UK, EU, and UN government agencies.

OpenTrade will not onboard companies or individuals who are located, organised, or resident in the following countries:

  • North Korea

  • Cuba

  • Iran

  • Syria

  • Russia

  • Any other country subject to comprehensive United States sanctions and/or embargoes, UN sanctions, or if you are on the U.S. Treasury Department’s Specially Designated Nationals List;

  • Any company or individual which supply any goods or services to any individual or organisation located, organised, or resident in Cuba, Iran, North Korea, or Syria or any other country subject to United States comprehensive sanctions and/or embargoes

Enhanced Due Diligence

Enhanced due diligence may be required during onboarding for any Lender which present a high financial crime risk to OpenTrade.

In addition to standard KYC/AML/CFT measures, EDD can be required due to a number of factors, including if the lender has been asses as having a high risk of money laundering based on our internal risk assessment, company structure, industry, reputation, involvement of PEPs, companies and individuals located, organised, or resident in jurisdictions that FATF recommends increased monitoring and/or the FCA considers "High Risk", among others.

OpenTrade reserves the right to apply part or all of EDD to medium or low risk Lenders if deemed necessary.

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Last updated 2 months ago

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