What are the reasons behind BitMEX not supporting US customers?

3 answers

• KosmoJan 05, 2024 · 2 years ago
  As an expert in the field of cryptocurrency, I can tell you that BitMEX's decision to not support US customers is primarily due to regulatory concerns. The US has strict regulations and licensing requirements for cryptocurrency exchanges, and BitMEX has chosen to avoid the complexities and potential legal risks associated with operating in the US market. By focusing on other regions, BitMEX can allocate its resources more efficiently and provide a better user experience for its non-US customers.
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• Heath NorwoodMar 23, 2021 · 4 years ago
  Well, the reason behind BitMEX not supporting US customers is pretty simple - regulations. The US government has implemented stringent regulations on cryptocurrency exchanges, and BitMEX doesn't want to deal with all the legal hassle. It's a smart move on their part to focus on other markets where they can operate more freely without the fear of regulatory crackdowns.
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• NetAlienJan 08, 2022 · 4 years ago
  BitMEX has made a strategic decision to not support US customers in order to avoid potential legal and regulatory issues. As a third-party consultant, I have worked with various cryptocurrency exchanges, and I can tell you that complying with US regulations can be a complex and time-consuming process. By not serving US customers, BitMEX can streamline its operations and focus on providing a seamless trading experience for its global user base.
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