Arkham CEO dropping alpha on institutional OTC dynamics:

KYC on counterparties = tighter spreads = better fills

When you know who you're trading with, risk drops → market makers can compress bid-ask

This is how the big boys get better execution than retail. Transparency isn't just compliance theater, it's a pricing edge.

If you're still aping into low-liquidity pairs with anonymous counterparties, you're paying the idiot tax.