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Nick Robinson

Is BitMEX being investigated by the CFTC?

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Commodity Futures Trading Commission (CFTC) is rumoured to be investigating BitMEX, which is the biggest cryptocurrency trading platform by volume. CFTC suspects BitMEX of allowing US residents to use the platform to trade. Allowing citizens to trade on BitMEX would be against the law as the US is currently one of the countries that doesn’t have the option to use BitMEX and similar crypto-based financial services due to the regulations that the country imposes. However, some American residents may have tried and succeeded to bypass the geoblock, which prevents them to access BitMex.

The investigation details have not been revealed or confirmed yet by either BitMEX or the CFTC. BitMEX remains in the spotlight after a verbal altercation between BitMEX’s CEO Arthur Hayes and a serial bitcoin non-believer Nouriel Roubini.

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