Does Velocity Exchange require KYC?
No. Velocity does not require identity verification (KYC) to trade, according to its published terms and docs.
Checked 2026-10-17 · 3 sources- Velocity runs as a single Solana program where each subaccount holds one pool of collateral. Its docs do not spell out who controls the funds; the April 2026 Drift exploit came through attacker access to project multisig wallets.
- No KYC today does not mean none ever. Rules and terms change, so check the venue before relying on this.
- Velocity's Terms of Use page did not render when fetched on 2026-10-17, so jurisdiction restrictions could not be verified.
Sources: Velocity Docs: Trading fees · Velocity Docs: Referrals · Velocity Docs: Introduction. The venue's own page wins if it disagrees with ours.
Velocity
Perp DEX · 0.12% round trip. Velocity is a Solana perpetual futures exchange and money market, rebuilt by the former Drift team as a fork of Drift v2 after the April 2026 exploit. It charges 0.06% taker at the base tier and pays makers a small rebate.
Full Velocity sheet: fees, custody, incidents →