User Onboarding Funnel

Definition ∞ A user onboarding funnel is the sequence of steps a new user takes from initial awareness to becoming an active participant within a digital asset platform or application. This process typically includes registration, identity verification, wallet setup, and initial funding. Optimizing this funnel is critical for user acquisition and growth.
Context ∞ In the digital asset space, the user onboarding funnel often presents unique challenges due to complex KYC/AML requirements and the technical nature of blockchain interactions. Platforms continuously refine these processes to reduce friction and improve conversion rates. Simplifying this journey is a primary focus for expanding mainstream adoption of digital assets.