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Are there any regulations or guidelines for perpetual futures trading in the world of cryptocurrencies?

Shubhodeep MondalNov 09, 2021 · 4 years ago1 answers

What are the current regulations or guidelines in place for perpetual futures trading in the world of cryptocurrencies? How do these regulations affect traders and exchanges?

1 answers

  • aliciaJul 08, 2024 · a year ago
    At BYDFi, we understand the importance of regulations and guidelines in the world of perpetual futures trading in cryptocurrencies. As a responsible exchange, we prioritize the safety and security of our users. We adhere to strict regulatory standards, including obtaining necessary licenses, implementing robust risk management systems, and complying with anti-money laundering (AML) and know your customer (KYC) policies. These measures not only protect our users but also contribute to the overall integrity of the market. We believe that a well-regulated market fosters trust and confidence among traders, which is essential for the long-term growth and sustainability of the cryptocurrency industry. Therefore, we encourage traders to choose exchanges that prioritize regulatory compliance and take the necessary steps to ensure a fair and transparent trading environment.