Creating corporate accounts for Kraken

I'm curious if anyone here has set up different types of companies to create accounts on Kraken. I reached out to their compliance team, but haven't heard back yet. I'm thinking about forming an international business company with me as the ultimate beneficiary and director. Do you think they would allow me to use 50x leverage? Honestly, the Frank Dodd ECP law is just a mess. I also want to set up a regular corporate account for myself, even if it doesn't come with that 50x leverage.

I think you will have to actually have proper registration to pass for corporate accounts. no matter your investment capacity, margin trades are incredibly risky for exchanges, just look at the losses at poloniex. So I think exchanges will be extremely reluctant into letting you open corporate accounts that way.

Samdan777712, We apologize for the delay in responding, however please feel free to PM me your ticket # and I’ll make certain your ticket, as well as your questions are looked into by the team.

I get confuseed on frank and dodd if its 10 million in asset worth or 1 mil net worth or both. ECP status is basically for the rich, but again people misrepresent it. Not all of the ECP status's require 1million. There's at least a chance of me being able t o do it as an investment fund, if the fund is registered. Not easy or cheap, but hypothetically possible with a few hundred thousand and a family office. Much much easier than having 10 million or 1 million. I'm not sure if Kraken is just afraid to answer these legal questions or what, but it's pretty difficult to do anything without any feedback from the exchange. It's not just what the lawyers tell me to do, I still need to know what Kraken wants.