Is there any specific rationale for BitMEX's decision to exclude US customers?

3 answers

• Nov 24, 2021 · 3 years ago
  BitMEX's decision to exclude US customers can be attributed to regulatory concerns. As a cryptocurrency exchange, BitMEX operates in a highly regulated environment, and the US has strict regulations regarding cryptocurrency trading. By excluding US customers, BitMEX can avoid potential legal issues and ensure compliance with regulatory requirements. It's a precautionary measure to protect both the exchange and its users.
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• Nov 24, 2021 · 3 years ago
  One possible rationale for BitMEX's decision to exclude US customers is the complex and ever-changing regulatory landscape in the United States. Cryptocurrency regulations vary from state to state, and complying with all the different regulations can be challenging and costly. By focusing on other markets and avoiding the US, BitMEX can streamline its operations and allocate its resources more efficiently.
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• Nov 24, 2021 · 3 years ago
  From BYDFi's perspective, BitMEX's decision to exclude US customers is a strategic move to mitigate regulatory risks. As a digital currency exchange, BYDFi understands the importance of complying with regulations and maintaining a strong reputation. By excluding US customers, BitMEX can ensure that its operations are in line with regulatory requirements and minimize the potential for legal issues. It's a proactive step to safeguard the interests of the exchange and its users.
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