What is the rationale behind BitMEX's decision to exclude US customers?

3 answers

• Dec 17, 2021 · 3 years ago
  BitMEX's decision to exclude US customers is primarily driven by regulatory concerns. The platform operates in a highly regulated industry and wants to ensure compliance with all applicable laws and regulations. By excluding US customers, BitMEX can avoid potential legal issues and regulatory scrutiny. This decision allows them to focus on serving customers from other regions without the added burden of complying with US regulations.
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• Dec 17, 2021 · 3 years ago
  The decision to exclude US customers is also influenced by the complex regulatory landscape in the United States. Cryptocurrency regulations vary from state to state, making it difficult for platforms like BitMEX to navigate and comply with all the different requirements. By excluding US customers, BitMEX can simplify its operations and reduce the regulatory risks associated with serving customers in the US.
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• Dec 17, 2021 · 3 years ago
  As a representative from BYDFi, I can say that BitMEX's decision to exclude US customers aligns with the platform's strategic goals. By focusing on customers from other regions, BitMEX can expand its global presence and cater to the needs of a broader user base. This decision allows BitMEX to allocate its resources more efficiently and provide a better user experience for its non-US customers.
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