Leading cryptocurrency derivatives exchange BitMEX has revealed the launch of its new program with benefits for its corporate clients including enhanced security service, & accounting.
In line with a recent official announcement published on 22nd June, the exchange is launching a new program for corporate customers, BitMEX Corporate. Accounts on the crypto exchange that aren’t owned and operated by any individual can now ensure their BitMEX holdings are the legal property of an organization.
BitMEX revealed that the new features were created for clients who need “different ownership structures for their accounts”, the means for their employees to access as well as manage accounts, along with the security requirements. However, the announcement also stated that options like multi-user login as well as instant transfers between accounts would be available later within this year.
BitMEX Ongoing Lawsuit & Controversies
Though BitMEX remains one among the leading derivatives exchanges within the world, many members of the crypto community have already been saying that they’re losing confidence in it.
As reported earlier in March, the exchange went offline for nearly 25 minutes within the crypto bloodbath, many users weren’t swayed by BitMEX’s explanation of “a hardware issue with its cloud service provider.” Additionally, the derivatives giant is facing a legal case during which its executives are accused of racketeering, money laundering, wire fraud, and unlicensed money transmissions.
Crypto Twitter users were quick to reply to the official announcement from BitMEX with some skepticism.
“Retail is gone from your exchange, now you’ve got to scam corporate’s with overload?”