Is it legal to use BitMEX in the US?

The platform is used for building perpetual contracts on margin trading. BitMEX is one of the most advanced peer-to-peer platforms for crypto trading. … The platform is reliable and provides liquidity to support Bitcoin trades. Despite cryptocurrency risks, the platform is backed by hedge funds from around the world.

In short, BitMEX isn’t authorized by the Commodities Futures Trading Commission (CFTC). Since it doesn’t have a license, you can’t use their services in the US – unless you get an IP address from a country where BitMEX is accessible . A VPN can help you here!

BitMEX is a cryptocurrency exchange and derivative trading platform. It is owned and operated by HDR Global Trading Limited, which is registered in the Seychelles .

Daily Insurance Fund Balance BitMEX uses an Insurance Fund to avoid Auto-Deleveraging in traders’ positions.