Crypto

The UK’s FCA Shows a Keen Interest in Bitmex

Bitmex is one of the more interesting platforms related to cryptocurrencies. However, due to some very odd developments in recent years, the FCA is now officially investigating the platform.

Any company providing access to crypto-related financial services needs to be scrutinized.

Bitmex may Face Regulatory Scrutiny

This is especially true when dealing with margin trading for volatile assets.

In the case of Bitmex, the platform has seen some very unusual market developments.

Every now and then, some market seems to temporarily crash, liquidating millions of dollars in positions.

Not that long ago this happened to the XRP market.

For the FCA, that is a problem they are looking to investigate.

Related Post

Furthermore, the agency is concerned about Bitmex potentially operating in the UK without authorization.

Most crypto trading platforms do not pursue specific licenses in European countries.

Although Bitmex isn’t scamming users – or no one can prove that, at least – the lack of authorization is worrisome.

It seems possible that the company will need to cease its service in the UK, if push comes to shove.

Given how this article was only added a few days ago, one has to wonder what triggered the FCA to investigate.

Perhaps some UK users are growing disgruntled over their lack of protection on this platform.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx
Tags: BitMexFCAuk

Recent Posts

Solana’s Wild Week: Price Plunge, Institutional Moves, and Resilient Ecosystem Growth

The past week has been turbulent for Solana (SOL), containing several elements that together cut…

23 hours ago

Tether Ramps Up Minting on Tron as Another 1 Billion USDT Hits the Market

Tether has stirred things up in the crypto market once again. The first is that…

23 hours ago

Whale dumps 5M $VIRTUAL after massive losses — $8.4M down in two failed bets

A prominent entity in the $VIRTUAL space has vacated their position in the asset, netting…

23 hours ago

$RFC Soars to 8th Largest Pumpfun Memecoin as Holder Base Grows by Nearly 30% in Just Two Weeks

$RFC (RFindercoin) has achieved an important milestone in the memecoin world: It's now the 8th…

2 days ago

Memecoin Market Sees Positive Net Inflow as Smart Money Backs Fartcoin and Other Tokens

On April 7, 2025, activity in the memecoin market among smart money took a sharp…

2 days ago

Curve Finance’s Michael Egorov Resumes $CRV Selloff as Smart Money Flocks to Ethereum

While the wider world of cryptocurrency is in recovery, Michael Egorov, the founder of Curve…

2 days ago