BitMEX's Traders Fled The Exchange In July

A new report from blockchain intelligence resource Token Analyst claims that many traders decided to ditch derivative trading platform BitMEX in July, taking with them funds worth half a billion dollars.

In the same month, rumors that BitMEX may be under pressure from regulators began circulating after a Bloomberg report claimed the exchange was being probed by the U.S. Commodity Futures Trading Commission (CFTC.)

It’s alleged that U.S. citizens were allowed to trade on the platform despite being blocked in compliance with January 2018 regulations. Last month, Decrypt reported on the simple ways in which traders may have been able to get around the U.S. trading ban.

Read More at Decrypt Media

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