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Glossary

Brokerage

1 min read

A brokerage is a financial institution which allows its customers to buy assets directly. Unlike an exchange, which matches buyers and sellers, a brokerage will source assets from third parties and sell the assets to customers, simplifying their experience.

Related Terms
Exchange
An exchange is an institution which acts as a market-maker between parties who wish to buy and those who wish to sell. Exchanges simply facilitate trades between parties for a fee.
Learn more.
Know Your Customer (KYC)
Know Your Customer Laws, Anti-Money Laundering, and Counter-Terrorism Financing Laws are all intended to combat illicit money transfers by mandating that all bank accounts be identifiable to individuals or organizations.
Learn more.
Anti-Money Laundering (AML)
Anti-Money Laundering (AML) is a category of laws and regulations that are intended to prevent money laundering, terrorist financing, tax evasion, and other illicit activities.
Learn more.
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