is an unregulated exchange with a large product offer across crypto spot and derivatives markets. The firm does not serve U.S. clients.BitMEX is an unregulated crypto exchange based in the Seychelles that pioneered perpetual futures contracts. These contracts, offered at low fees, are the firm's main appeal. In 2021 U.S. regulators took issue with BitMEX’s AML program and required the exchange to pay a $100 million penalty.
The lion’s share of all trading volume done in our group of 60 firms is reportedly executed by Binance, a class C exchange. This kind of concentration is unusual but it is reflective of the popularity of crypto derivatives - almost half of all Binance trading volume comes from five such contracts, called perpetual futures.
Not including Binance, Class C exchanges get only a 7% share of global visits to websites of retail crypto investment providers and they capture a 10% share of estimated trading volume. With Binance, this class gets 47% of all traffic to crypto exchanges and 52% of all volume.
It’s worth noting that there can be obfuscation employed by crypto exchanges that are domiciled in a well-known jurisdiction, but it so happens that this locality forbids crypto. Such is the case with Binance, OKX, Bitfinex, and Lbank that list Hong Kong as their domicile in their Terms of Service document. And indeed, they may have business entities registered in Hong Kong, but again registration is not regulation.
Source: Digital Coin News (digitalcoinnews.net)
There are a lot of exchanges, but I'm used to Bitfinex. I'm purchasing crypto there for about 2 years now.
look at my boobs😘
digital assets. lol , next they'll try to tell me I actually own my video games.
Ukraine war Bayraktar song Filmed each one they destroyed from every possible angle and in different places. We still have the music:
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