What are the reasons behind BitMEX's decision to stop doing business with us?

7 answers

• Rayra EilishDec 04, 2023 · 2 years ago
  BitMEX's decision to stop doing business with us could be attributed to several factors. Firstly, it is possible that our company failed to meet the compliance requirements set by BitMEX. This could include issues related to Know Your Customer (KYC) procedures or Anti-Money Laundering (AML) regulations. Secondly, there might have been concerns about the security of our platform or the integrity of our trading activities. BitMEX, as a reputable exchange, prioritizes the safety and trustworthiness of its partners. Lastly, it is also possible that there were changes in BitMEX's business strategy or a shift in their focus towards other partnerships. It is important to note that these are potential reasons and without specific information from BitMEX, we can only speculate.
  779

  390
• Raseem YJun 30, 2024 · a year ago
  Well, it seems like BitMEX decided to cut ties with us. Maybe they found someone better, or maybe they just got tired of our shenanigans. Who knows? But hey, life goes on. There are plenty of other fish in the sea, right? We'll just have to find another exchange to do business with. No hard feelings, BitMEX.
  309

  103
• Esha RajpootJan 24, 2023 · 3 years ago
  As an employee of BYDFi, I can provide some insights into BitMEX's decision. It's important to understand that BitMEX is a highly regulated exchange and they have strict compliance requirements. If our company failed to meet these requirements, BitMEX had no choice but to terminate the business relationship. Compliance is crucial in the cryptocurrency industry, and exchanges like BitMEX cannot afford to take any risks. It's unfortunate, but we need to learn from this experience and ensure that we meet all compliance standards in future partnerships.
  555

  139
• David PartridgeDec 15, 2020 · 5 years ago
  BitMEX's decision to stop doing business with us might have been influenced by various factors. It's possible that they found another company that offered better services or had a stronger reputation. Additionally, changes in market conditions or shifts in BitMEX's business strategy could have played a role. It's important to remember that the cryptocurrency industry is highly competitive, and exchanges constantly evaluate their partnerships to ensure they align with their goals. While it's disappointing to lose a business relationship, it presents an opportunity for us to reassess our strategies and find new opportunities for growth.
  642

  129
• javiAug 26, 2024 · a year ago
  BitMEX's decision to terminate our business relationship could have been driven by multiple reasons. It's possible that they identified certain risks or concerns associated with our company's operations or compliance practices. In the cryptocurrency industry, exchanges prioritize security, transparency, and regulatory compliance. If our company failed to meet these expectations, it could have led to BitMEX's decision. It's crucial for us to address any shortcomings and improve our processes to build stronger relationships with other exchanges in the future.
  563

  94
• techfusionxJul 25, 2021 · 4 years ago
  BitMEX's decision to stop doing business with us might have been influenced by various factors. While we don't have specific information about their decision, it's important to maintain a positive outlook and focus on finding new opportunities. The cryptocurrency industry is constantly evolving, and there are numerous exchanges that could be potential partners for us. Let's use this as a learning experience and leverage our strengths to forge new partnerships.
  464

  67
• adam kazmierczykJul 15, 2023 · 2 years ago
  BitMEX's decision to terminate our business relationship could be due to a variety of reasons. It's possible that they experienced internal changes or shifts in their business priorities that no longer aligned with our company. Alternatively, there might have been concerns about the scalability or reliability of our platform. In the fast-paced world of cryptocurrency, exchanges need to adapt quickly and make decisions that best serve their customers. While it's disappointing, we should view this as an opportunity to improve and seek out new partnerships that align with our goals.
  586

  74