Bitcoin Exchange BitMEX Under CFTC Investigation: Bloomberg Insiders

BitMEX, the leading Bitcoin derivatives platform, is purportedly under investigation. Per a Bloomberg report released a number of hours ago, the Seychelles-based exchange, which also has a luxurious office in Hong Kong, the cryptocurrency platform is being investigated by the U.S. Commodity Futures Trading Commission (CFTC).

The financial regulator, which presides over most Bitcoin-related vehicles, is reported by insider sources is looking into if BitMEX has been knowingly allowing American users to trade on its platform. This is presumably in response to the exchange’s sudden spike in volume that came alongside this bull market, with it processing over $1 trillion worth of volume in the past year. Both the CFTC and BitMEX were rather quiet on this whole purported situation. A spokesperson of the Bitcoin exchange told Bloomberg:

Original source

Add comment

Please Sign in to be able to leave comments.