bitcoin
Bitcoin (BTC) $ 76,792.57 1.05%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,892.34 7.31%
tether
Tether (USDT) $ 1.00 0.23%
solana
Solana (SOL) $ 197.53 4.90%
bnb
BNB (BNB) $ 600.58 1.92%
usd-coin
USDC (USDC) $ 1.00 0.18%
xrp
XRP (XRP) $ 0.557235 3.16%
dogecoin
Dogecoin (DOGE) $ 0.193767 1.45%
staked-ether
Lido Staked Ether (STETH) $ 2,892.26 7.37%
Blog

Coincidence? CFTC Probes BitMEX Following the Roubini Debate

The most popular Bitcoin margin trading exchange, BitMex, is reportedly under investigation by the United States Commodities and Futures Trading Commission (CFTC) for allowing US-based traders to use its platform. 

Trouble For BitMex?

According to Bloomberg columnist Tim Culpan, the CFTC is launching an investigation against popular Bitcoin margin trading exchange BitMex. The probe is related to the latter’s allowing US-based traders to operate on its platform. Supposedly, the probe is going to last months.

Interestingly enough, the reported move by the CFTC comes shortly after a heated debate between BitMex CEO Arthur Hayes and popular no-coiner Nouriel “Dr. Doom” Roubini. 

BitMex and US-Based Traders: Where Things Stand Now

According to BitMex’s terms and conditions, US-based traders are not allowed to use it at all. 

You are not allowed to access or use the Services or the Trading Platform if you are located, incorporated or otherwise established in, or a citizen or resident of: (i) the United States of America.

However, as CryptoPotato reported back in November 2018, the Hong Kong-based exchange started shutting down accounts originating in the US. Hence, it’s questionable whether the reported investigation will yield anything.

Meanwhile, a BitMex spokeswoman commented:

HDR Global Trading Limited, owner of BitMEX, as a matter of company policy, does not comment on any media reports about inquiries or investigations by government agencies or regulators and we have no comment on this report.

The post Coincidence? CFTC Probes BitMEX Following the Roubini Debate appeared first on CryptoPotato.

Related Posts
Cryptocurrency News Feeds

Argentinian Entrepreneur Tries to Take His Tipping App Global With Lightning Network

Damian Catanzaro, a 26-year-old Argentinian programmer, created a sensation among Argentinian content creators and nongovernmental organizations (NGOs) with Cafecito, a tipping platform he started in February 2020 that’s reached 300,000 users.But now he wants to go global after recently integrating the Lightning Network, a layer 2 payment product built on top of the Bitcoin blockchain.Catanzaro…
The-list-of-cryptocurrencies-the-sec-called-a-security-in-the-latest-kraken-lawsuit
Cryptocurrency News Feeds

The List of Cryptocurrencies the SEC Called a Security in the Latest Kraken Lawsuit

TL;DR SEC Sues Kraken: The SEC filed a lawsuit against Kraken, accusing it of operating without proper securities registration. Unregistered Crypto Allegations: The lawsuit targets Kraken for offering trades in multiple cryptocurrencies, including ADA, SOL, and others, without SEC registration. Ripple’s XRP Omitted: XRP, Ripple’s token, is not part of this lawsuit, though Ripple faces
For-the-first-time:-binance-with-largest-bitcoin-reserves
Cryptocurrency News Feeds

For the First Time: Binance With Largest Bitcoin Reserves

The past couple of weeks has undoubtedly stirred the pot when it comes to cryptocurrencies stored on centralized exchanges. CryptoPotato recently reported that upwards of $8 billion worth of crypto was withdrawn from centralized exchanges following the FTX collapse. Now, data shows that Binance has the largest reserve of BTC for the first time. Data from…
Loading data ...
Comparison
View chart compare
View table compare
Back To Top