Competition Emerges as BitMEX Goes Mum amidst CFTC Probe

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BitMEX, the world’s leading cryptocurrency derivatives exchange, is looking at the prospects of losing its top position to the emerging competition. Gone With The Wind The Seychelles firm took a vow of silence shortly after its name popped up in a regulatory probe. Last month, the Commodity Futures Trading Commission (CFTC) allegedly sent letters to BitMEX for offering services to US customers without obtaining a license. The report visibly prompted the firm’s clientele into panic-withdrawing their cryptocurrencies. As of July 24, BitMEX had withdrawn $125 million worth of money off its cold storage. Effective 15 July 2019 at 15:15 UTC, BitMEX will reintroduce Kraken into its indices following the resumption of trading on Kraken. See our blog for details: — BitMEX (@BitMEXdotcom) July 15, 2019 The last BitMEX tweet was on July 15, 2019. BitMEX Competition The continued distrust fuelled by an aggressive silence from BitMEX and its top…

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