Devices, systems, and methods for authenticating an account for transacting on cryptocurrency exchanges

A payment network configured to rapidly onboard a user for access to trade on a cryptocurrency exchange, the payment network comprising:

• a processor;
• and a memory configured to instructions that, when executed by the processor, cause the payment network to:
• submit user identifying information to an issuer system, wherein the user is authenticated by the issuer system, wherein the issuer system is separate from the cryptocurrency exchange;
• receive a request to authenticate the user on the cryptocurrency exchange, wherein the request comprises information associated with an account of the user;
• based on authenticating the user on the cryptocurrency exchange using the authentication of the user by the issuer system, transmit the request to the issuer system associated with the account;
• receive a verification result from the issuer system, wherein the verification result is based on user identifying information previously authenticated by the issuer system in association with the account;
• receive a confirmation that the user had previously authorized the user identifying information previously authenticated by the issuer system;
• transmit an indication of the confirmation to the cryptocurrency exchange;
• and
• execute a transaction to perform a trade or acquisition on the payment network with the cryptocurrency exchange.

A system configured to rapidly onboard a user for access to trade on a cryptocurrency exchange, the system comprising:

• an issuer system;
• and
• a payment network comprising:
• a processor;
• and
• a memory configured to communicate with the issuer system and instructions that, when executed by the processor, cause the payment network to:
• submit user identifying information to the issuer system, wherein the user is authenticated by the issuer system, wherein the issuer system is separate from the cryptocurrency exchange;
• receive a request to authenticate the user for access to the cryptocurrency exchange, wherein the request comprises information associated with an account of the user;
• based on authenticating the user on the cryptocurrency exchange using the authentication of the user by the issuer system, transmit the request to the issuer system associated with the account;
• receive a verification result from the issuer system, wherein the verification result is based on the user identifying information previously authenticated by the issuer system in association with the account;
• transmitting an indication of the verification result to the cryptocurrency exchange;
• and
• execute a transaction to perform a trade or acquisition on the payment network with the cryptocurrency exchange.