Why did BitMEX stop serving US customers?

3 answers

• May 01, 2022 · 3 years ago
  As a leading cryptocurrency exchange, BitMEX made the difficult decision to stop serving US customers due to regulatory concerns. The US regulatory landscape for cryptocurrencies is complex and evolving, and BitMEX wanted to ensure compliance with all applicable laws and regulations. By ceasing operations in the US, BitMEX aims to focus on other markets where it can provide its services with greater regulatory certainty and stability.
  438

  219
• May 01, 2022 · 3 years ago
  BitMEX stopped serving US customers because of the increasing regulatory scrutiny faced by cryptocurrency exchanges in the United States. The exchange wanted to avoid any potential legal issues and ensure the long-term sustainability of its operations. This decision reflects the challenges faced by many exchanges in navigating the regulatory environment and highlights the need for clearer regulations in the cryptocurrency industry.
  435

  145
• May 01, 2022 · 3 years ago
  BitMEX's decision to stop serving US customers was driven by the need to comply with regulatory requirements. As an exchange, BitMEX prioritizes the security and legality of its operations. By focusing on markets where it can operate with greater regulatory clarity, BitMEX aims to provide a safer and more reliable trading environment for its users. This decision aligns with the exchange's commitment to maintaining the highest standards of compliance and customer protection.
  478

  120