Only qualified investors are able to create a new account on CoinLion. So what is that?
Net Worth: The individual must have a net worth exceeding a certain threshold, often $1 million, either alone or together with a spouse, excluding the value of their primary residence.
OR
Income: The individual must have earned income exceeding a specific amount, typically $200,000 (or $300,000 together with a spouse) in each of the last two years, and must reasonably expect the same income level in the current year.
A qualified investor, also known as an accredited investor, is an individual or entity that meets specific financial criteria set by regulatory bodies, allowing them to invest in high-risk, high-reward opportunities not available to the general public. These criteria typically include having a net worth exceeding $1 million, excluding the primary residence, or an annual income of at least $200,000 (or $300,000 with a spouse) for the past two years, with expectations of the same in the current year. Additionally, certain entities with over $5 million in assets or professional certifications may qualify. The designation ensures that only those with substantial financial sophistication and resources can engage in complex investment opportunities, thereby protecting less experienced investors from undue risk.