Crypto Derivatives Exchange BitMEX and Corporate Clients

BitMEX and legal challenges

Cryptocurrencies step-by-step became part of everyday life. However, cryptocurrency derivatives exchange from Hong Kong decided to create something new to make life easier for people. Crypto derivatives giant BitMEX is launching a new program for its corporate clients. This new program includes enhanced security service as well as accounting.

Based on the information provided by the derivatives exchange giant, it is launching a program called BitMEX Corporate.

BitMEX Corporate and clients BitMEX and public relations

Importantly, BitMEX Corporate applies to accounts that are not owned and operated by a person. Such accounts can now ensure their BitMex holdings are the legal property of a corporation.

The new features are suitable for clients who need different ownership structures of their accounts. For example, when it comes to security requirements. Nevertheless, options like multi-user login as well as instant transfers between accounts would be available later in 2020.

It is worth mentioning that, BitMEX is one of the largest derivatives exchanges in the world. However, its reputation is far from being ideal. Several months ago, more precisely in March, the exchange went offline for nearly 25 minutes. Based on the information provided by BitMEX, due to a hardware issue with its cloud service provider, the exchange was not working for a certain amount of time.

Moreover, the cryptocurrency derivatives exchange is facing a new lawsuit. According to this lawsuit, its executives committed various crimes such as money laundering, wire fraud, racketeering as well as unlicensed money transmissions.

Crypto-related companies are willing to create new programs such as BitMex Corporate. Programs such as BitMEX Corporate have the potential to address issues connected with security and accounting. However, the crypto derivatives giant should improve its reputation if it wants to attract corporate clients. It won’t be easy to convince them, as scandals connected with BitMEX will continue to affect its reputation in the long run.

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