Bitcoin Slips $400 as CFTC Charges BitMEX Over Derivatives Violations

Bitcoin is tumbling lower after it was revealed that the U. S. Commodities and Futures Trading Commission (CFTC) is charging BitMEX. BitMEX is a leading crypto derivatives platform based in the Seychelles. The U. S. regulatory agency, which focuses on derivatives, was rumored to be investigating the company. In 2019, Bloomberg came out with a report suggesting that the CFTC was investigating the company over its potential servicing of U. S. clientele. The exchange does not have the license to operate in the