.BitMEX plans to add support for more cryptocurrencies in the near future
Users are now able to buy and convert Ether on top of Bitcoin, the largest cryptocurrency, andBitMEX launched its fiat on-ramp service in November. It supports such payment methods as Visa and Mastercard, credit/debit cards as well as Apple Pay.
The trading platform supports a wide range of fiat currencies, including the euro and the British pound.Australia to Make Major Move Toward Regulating Crypto The crypto exchange, which ruled the roost during the 2018 bear market, has had a spectacular fall from grace after its founders were charged with failing to prevent money laundering by the U.S. government. The Commodity Futures Trading Commission concluded that it had broken the rules by allowing U.S. customers to trade cryptocurrencies.
Since then, the cryptocurrency has started prioritizing strict regulatory compliance by implementing such measures as mandatory know-your-customer support. This, of course, has taken a toll on the popularity of the once-dominant derivatives exchange.In late February, former BitMEX CEO Arthur Hayes and co-founder Benjamin Delo pleaded guilty to one count of violating the U.S. Bank Secrecy Act , which means that they could potentially face up to five years behind bars.
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