Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Dociko on October 23, 2020, 06:19:09 PM

Title: Is It End For BitMEX? Exchange Makes Full Verification Mandatory for Traders
Post by: Dociko on October 23, 2020, 06:19:09 PM
Weeks after cryptocurrency exchange BitMEX’s co-founder’s were charged for evading anti-money laundering rules, the exchange today made full verification mandatory for its users. BitMEX released an official tweet stating its users to complete their full verification by Nov. 5, 2020 to continue trading on the platform.
Details: https://coingape.com/bitmex-full-verification-mandatory/
Title: Re: Is It End For BitMEX? Exchange Makes Full Verification Mandatory for Traders
Post by: Oxumare on October 23, 2020, 08:30:26 PM
Bitmex is recovering after the lawsuits and resignations.It was nice to list a few new tokens with the winds of change. DOT, BNB and YFI
has listed.Bitmex is formatting itself as I wrote with the above news
Title: Re: Is It End For BitMEX? Exchange Makes Full Verification Mandatory for Traders
Post by: Bobcrypto on October 26, 2020, 12:08:42 PM
Quote from: Dociko on October 23, 2020, 06:19:09 PM
Weeks after cryptocurrency exchange BitMEX’s co-founder’s were charged for evading anti-money laundering rules, the exchange today made full verification mandatory for its users. BitMEX released an official tweet stating its users to complete their full verification by Nov. 5, 2020 to continue trading on the platform.
Details: https://coingape.com/bitmex-full-verification-mandatory/

I don't think that the last challenges experienced by Bitmex will bring an end to exchange existence, but I believe that some times such challenges may even boost the exchange at the long run.
Now, KYC has been made compulsory to hence exchange credibility and may also help redeem it's reputation globally.
Title: Re: Is It End For BitMEX? Exchange Makes Full Verification Mandatory for Traders
Post by: Legion on October 28, 2020, 04:04:51 AM
Quote from: Bobcrypto on October 26, 2020, 12:08:42 PM

I don't think that the last challenges experienced by Bitmex will bring an end to exchange existence, but I believe that some times such challenges may even boost the exchange at the long run.
Now, KYC has been made compulsory to hence exchange credibility and may also help redeem it's reputation globally.
well I agree with what you say.
Title: Re: Is It End For BitMEX? Exchange Makes Full Verification Mandatory for Traders
Post by: Oxumare on November 01, 2020, 01:32:11 PM
New claims about Bitmex are on the agenda. It is stated that the managers have transferred 440 million dollars to their own accounts.
The fact that they did this before the investigation was opened raises a question mark.You need to be careful about Bitmex.
Title: Re: Is It End For BitMEX? Exchange Makes Full Verification Mandatory for Traders
Post by: Kholodnya on November 07, 2020, 09:43:02 AM
Don't worry about this news. Aren't there other trading platforms in the world? There are always alternatives. Here is best crypto exchanges https://cryptototem.com/top-crypto-exchanges/, for example. Choose whichever one you like and use without thinking about BitMEX.