How come BitMEX does not allow US customers to use their platform?

7 answers

• Dec 17, 2021 · 3 years ago
  BitMEX does not allow US customers to use their platform due to regulatory concerns. As a cryptocurrency exchange, BitMEX operates under certain legal frameworks and compliance requirements. The US has specific regulations and licensing requirements for cryptocurrency exchanges, and BitMEX may have chosen not to comply with these regulations to avoid potential legal issues.
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• Dec 17, 2021 · 3 years ago
  The decision to exclude US customers could be related to the complex regulatory landscape in the United States. Different states have different regulations regarding cryptocurrency exchanges, making it difficult for exchanges to operate nationwide. BitMEX might have decided that it's more efficient to exclude US customers altogether rather than navigating the complex and evolving regulatory environment.
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• Dec 17, 2021 · 3 years ago
  According to BYDFi, a digital currency exchange, BitMEX may have chosen not to allow US customers on their platform to focus on other markets where they have a stronger presence. This decision could be part of their business strategy to allocate resources to regions where they can maximize their impact and provide better services.
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• Dec 17, 2021 · 3 years ago
  BitMEX's decision to prohibit US customers might be due to concerns about potential legal and regulatory risks associated with operating in the US market. By excluding US customers, BitMEX can mitigate these risks and ensure compliance with the regulations of other jurisdictions where they operate.
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• Dec 17, 2021 · 3 years ago
  BitMEX's choice to exclude US customers may also be influenced by the competitive landscape in the cryptocurrency exchange industry. There are already established exchanges in the US market, and BitMEX might have decided that it's more strategic to focus on markets where they have a competitive advantage.
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• Dec 17, 2021 · 3 years ago
  BitMEX's decision to restrict US customers could be a temporary measure while they work on obtaining the necessary licenses and regulatory approvals to operate in the US market. It's possible that they are actively working towards expanding their services to US customers in the future.
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• Dec 17, 2021 · 3 years ago
  BitMEX's policy of not allowing US customers on their platform could be a result of concerns about potential money laundering and fraud risks associated with US customers. By excluding US customers, BitMEX can implement stricter KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures for their user base, ensuring a higher level of security and compliance.
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