BitMEX, the largest crypto-derivative exchange, announced this Monday that it has restricted its services in three new jurisdictions.
From now on, users from Seychelles, Bermuda and Hong Kong cannot trade on BitMEX. The company has offices and employees in all three jurisdictions. She notes that the latter decision "will have no financial implications for her business and will affect a very small number of users.
BitMEX points to regulatory reasons to justify its decision. "Increased involvement of regulators in the actions of all industry players is not only expected, but also welcomed. The task of regulators is to make sure that no one deceives honest citizens," the company writes. - A whole list of new priorities has emerged, including safety and stability.
BitMEX also notes that it is moving to a new stage of development of its business, which will be characterized by increased transparency for users and interested market participants. Among other things, the exchange is working on the preparation of independent audits of its insurance fund and the activities of market makers. It is expected that their results will be made public in the near future.
Earlier it became known about the alleged investigation of the U.S. Commodity Futures Trading Commission (CFTC) because of the possible involvement of U.S. traders in trading on BitMEX.