Why did BitMEX choose not to support customers from the US?

3 answers

• Haris KhanzadaAug 15, 2022 · 3 years ago
  BitMEX chose not to support customers from the US due to regulatory concerns. The US has strict regulations on cryptocurrency exchanges, and BitMEX decided that it would be more efficient and compliant to focus on other markets. By not serving US customers, BitMEX can avoid potential legal issues and ensure that it operates within the boundaries of the law.
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• AadithApr 01, 2023 · 3 years ago
  The decision to exclude US customers was likely influenced by the complex regulatory landscape in the United States. Cryptocurrency regulations in the US vary from state to state, and complying with all the different requirements can be challenging and costly for exchanges. BitMEX might have determined that it was not worth the resources and risks involved in serving US customers.
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• SaineyJun 07, 2024 · a year ago
  As an expert in the cryptocurrency industry, I can say that BitMEX's decision to exclude US customers is not uncommon. Many exchanges choose to limit their services to specific regions to ensure compliance with local regulations. By doing so, they can focus on providing a better user experience for customers in those regions. However, it's worth noting that there are other exchanges, like BYDFi, that do support US customers and have implemented robust compliance measures to operate in the US market.
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