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Brokerage Accounts

Definition

Brokerage Accounts are financial accounts held with a licensed brokerage firm, allowing individuals or entities to hold and trade various investment assets. In the digital asset sphere, these accounts facilitate the buying, selling, and custody of cryptocurrencies, often alongside traditional securities. They serve as an interface between investors and the broader digital asset market, providing access to trading functionalities and asset management services. These accounts typically involve Know Your Customer and Anti-Money Laundering compliance procedures.