Bloomberg: CFTC investigates BitMEX exchange

Cryptocurrencies

According to available information, BitMEX cryptocurrency exchange activity is being investigated by the Commodity Futures Trading Commission of the USA (CFTC).

According to Bloomberg, unnamed sources of the publication stated that the regulator is studying whether the exchange allows its use by US traders. CFTC considers cryptocurrencies to be commodities, and therefore the Commission has the right to monitor products such as cryptocurrency futures. Consequently, according to the CFTC, BitMEX needs to register with the agency if the exchange wants to allow Americans to trade such products in the United States.

According to the platform’s website, BitMEX offers spot trading in cryptocurrencies and other financial instruments, such as futures and swaps. Bloomberg notes that the CFTC investigation is “still ongoing” and does not necessarily lead to accusations or enforcement actions against the exchange. The publication also states that the CFTC declined to comment on the situation.

According to the website, BitMEX offers financial instruments such as futures and swaps. Bloomberg notes that the CFTC review is “still ongoing” and it doesn’t matter. CFTC declined to comment on the situation.

In early July, the general director of the BitMEX exchange, Arthur Hayes, stated that the trading volume on the site exceeded $ 1 trillion over the year. In addition, in June it became known that BitMEX is testing the Sidechain Liquid and SegWit to reduce the impact on the Bitcoin mempool.