BitMEX, a Hong Kong-based crypto-currency derivatives exchange, is launching a new program with benefits for its corporate clients including improved security and accounting services.
According to a June 22 announcement on the BitMEX support page, the exchange is launching a new program for corporate clients, BitMEX Corporate. Accounts on the crypto-currency exchange that are not owned or operated by a private individual can now guarantee that their funds on BitMEX are legally owned by a corporation.
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BitMEX said its new features were created for customers who need „different ownership structures for their accounts,“ the means for their employees to access and manage the accounts, and security requirements. However, the announcement also indicated that options such as multi-user login and instant transfers between accounts would be available later in 2020.
Still embroiled in controversy
Although BitMEX remains one of the largest derivatives exchanges in the world, many members of the Bitcoin Method community have been saying that they are losing confidence in it.
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Cointelegraph reported in March, that when the exchange was disconnected for nearly 25 minutes during the bloodbath of the crypto coins, many users were not convinced by BitMEX’s explanation of „a hardware problem with their cloud service provider. In addition, the derivatives giant faces a new lawsuit in which its executives are accused of extortion, money laundering, electronic fraud and unauthorized money transfers.
Crypto Twitter users were quick to respond to Bitmex’s official announcement with a bit of skepticism.
„Isn’t it too late, guys?“ said Twitter user call_aka_911, referring to BitMEX corporate news.
Others, including user 24Based, were more forceful: „Retailers have disappeared from their exchange, now they have to try to scam companies with overload?“