What will happen after BitMEX?

2 29
Avatar for Heruvim78
4 years ago

As BitMEX, the Seychelles-based crypto exchange, faces a series of civil and criminal charges from U.S. regulatory authorities, more than 41.000 BTC were withdrawn from BitMEX, and further data shows that most of if went to its competitors, Binance, Gemini and Kraken. Just yesterday 11,257 BTC moved from BitMEX: 4,786 BTC went to Binance, 3,899 to Gemini and 989 to Kraken, according to data provided by CryptoQuant. This will make me think that the traders are feeling safer with exchanges that closely follow the latest regulations. Not a bad field day for our latest mentioned exchanges, and this made it happen because Gemini has very strict KYC procedures, and Kraken is the first cryptocurrency firm ever in the U.S. to become a bank, after its application for a special purpose depository institution (SPDI) charter was approved by regulators on the Wyoming Banking Board. 

One of the charges brought by the U.S. Commodity Futures Trading Commission (CFTC) against BitMEX is their failure to implement proper KYC rules. Now, one of the winners in relation with this issue is Binance, whom was just ranked #1 crypto exchange in 24-hour bitcoin futures trading volume, surpassing a falling BitMEX.

You can read the U.S. authority legal document bellow:

https://www.scribd.com/document/478304257/CFTC-BitMEX-filing

 

See you soon!

G.

 

Sources:

1.https://www.coindesk.com/bitmex-cftc-enforcement

2. https://www.coinmarketcap.com

3. https://www.coingecko.com

4.https://www.scribd.com/document/478304257/CFTC-BitMEX-filing

 

 

 

Why not...

...try DogeWars game and get Dogecoin fighting bosses and other players. 

...use the world best cryptocurrency exchangesBinanceCoinbase and Kucoin

...get the higher rewards for your investments using Blockfi and Crypto.com. For Celsius.network, use referral 1235256530 for $20 bonus. 

The most lucrative faucets that I use: ZENZECPIVXLTC and few others. 

 

Get ETH while writing on Publish0x blog, using the Brave browser - Presearch search engine to maximize your BAT income.

Check my Lbry.tv channel in here. I am also writting on Read.cash (Bitcoin Cash rewards there).

 

Disclaimer: This text also can be re-published on my personal blogs, such as this one.

9
$ 0.04
$ 0.04 from @TheRandomRewarder
Sponsors of Heruvim78
empty
empty
empty
Avatar for Heruvim78
4 years ago

Comments

nice...u got a tip from the bot! keep up the good work friend! upvoted!

$ 0.00
4 years ago

Looks like another scam

$ 0.00
4 years ago