US CFTC Investigates BitMex Crypto Exchange for Carrying US Traders Without Authorization

 US CFTC Investigates BitMex Crypto Exchange for Carrying US Traders Without Authorization

BitMex is under investigation from the US Commodities Futures Trading Commission, reported Bloomberg. The investigation aims to establish if BitMex carried US-based traders despite lacking the licenses.

BitMex, a Seychelles-based exchange, is one of the most active Bitcoin (BTC) markets, often swaying the price due to the availability of high-leverage trading and futures markets.

The CFTC considers BTC and digital assets to be commodities, hence has jurisdiction over their trades. However, BitMex is not registered with the agency, and as such cannot offer trading…

This article appeared first on Cryptovest

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