How come BitMEX doesn't allow US customers?

3 answers

• Student WangOct 23, 2021 · 4 years ago
  BitMEX doesn't allow US customers due to regulatory concerns. The platform operates in a way that may not comply with the regulations set by the US government, particularly in regards to derivatives trading. To avoid any potential legal issues, BitMEX has chosen to restrict access to US customers. It's important for exchanges to comply with regulations to ensure the safety and security of their users' funds.
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• Papon HabibJan 24, 2022 · 4 years ago
  BitMEX doesn't allow US customers because of the complex regulatory landscape in the United States. The platform may not have obtained the necessary licenses and approvals to operate in the country. Additionally, the US government has been cracking down on cryptocurrency exchanges that do not comply with regulations, which may have influenced BitMEX's decision. It's always important for users to choose exchanges that prioritize regulatory compliance to protect their investments.
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• Tiara WilliamsApr 10, 2024 · 2 years ago
  As an expert in the cryptocurrency industry, I can tell you that BitMEX's decision to exclude US customers is not unique. Many exchanges face regulatory challenges when it comes to operating in the United States. BitMEX likely made this decision to ensure compliance with US laws and regulations. However, it's worth noting that there are other reputable exchanges available to US customers that offer similar services. One such exchange is BYDFi, which is known for its user-friendly interface and strong security measures.
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