BitMEX is one of the largest derivatives exchanges in the world. Importantly, the crypto derivatives giant from Hong Kong is launching a new program for its corporate clients. The new program called Bitmex Corporate includes enhanced security service as well as accounting.
Crypto industry and corporate clients
As stated above, the derivatives exchange giant is launching a program called BitMex Corporate. People should take into account that BitMEX Corporate applies to accounts that are not owned and operated by a person.
Importantly, the new features were created for clients who need different ownership structures of their accounts. For instance, when it comes to security requirements. However, options like multi-user login and instant transfers between accounts would be available later in 2020.
BitMEX is one of the largest derivatives exchanges in the market. Nevertheless, it suffered several reputational losses. As a reminder, in March, the exchange went offline for nearly 25 minutes. According to the BitMEX, the exchange went offline due to a hardware issue with its cloud service provider.
Furthermore, the crypto derivatives giant is facing a new lawsuit. According to the information taken from this lawsuit, its executives committed various crimes such as money laundering, racketeering, wire fraud, and unlicensed money transmissions.
Hopefully, companies are willing to create new programs such as BitMEX Corporate. Moreover, such programs have the potential to address issues connected with security and accounting.
Nevertheless, in the case of BitMEX, there are certain questions regarding its reputation. Thus, the crypto derivatives giant should work harder to improve its reputation. Otherwise, it will be tough to attract corporate clients. Moreover, as scandals connected with BitMEX will continue to affect its reputation in the future. The crypto derivatives giant should pay more attention to public relations. As a result, it will be easier to work with clients.