Home » ‘The Game Has Changed,’ Says Arthur Hayes As BitMEX to Verify All Its Traders
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‘The Game Has Changed,’ Says Arthur Hayes As BitMEX to Verify All Its Traders

Arthur Hayes. Supply: a video screenshot, Youtube, Distributed

Main crypto derivatives trade BitMEX mentioned it would ask all its clients to finish ID checks throughout the subsequent 6 months in the event that they need to to proceed buying and selling on the platform.

“The sport has modified, and so have we; preserve a stiff higher lip,” tweeted Arthur Hayes, Co-founder and CEO of the corporate.

The Consumer Verification Programme is scheduled to launch on “00:00 UTC on 28 August,” whereas their customers can have time to finish it by 12 February 2021. Particular person customers will likely be prompted to add a photograph ID and proof of tackle, take a selfie, in addition to reply a number of a number of selection questions on supply of funds and buying and selling expertise, BitMEX mentioned.

Based on the corporate, these new controls will allow them “to create a extra trusted and safe buying and selling setting for all BitMEX customers.”

“Right this moment, consumer id verification is more and more anticipated with a purpose to meet evolving worldwide regulatory requirements, and is a crucial a part of constructing belief within the cryptocurrency ecosystem,” the trade mentioned, including that id verification would additionally assist in the occasion of a dispute, hack, or incapacitation.

Moreover, BitMEX mentioned that they “will even be unveiling particulars of a big Buying and selling Event within the coming weeks the place customers who’ve accomplished verification will likely be eligible to compete for sizable prizes.”
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Be taught extra: Will “No KYC” Exchanges Survive in a Regulated Crypto Trade?
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