BitMEX Joins VerifyVASP Alliance

BitMEX has announced that it has joined the VerifyVASP Alliance.

VerifyVASP provides a best-in-class travel rules solution for Virtual Asset Service Providers (VASPs) to facilitate their compliance with travel rules requirements.

Go to BitMEX’s Official Website

What this means for BitMEX

Importantly, as a member of the VerifyVASP Consortium, BitMEX will be able to continue to send and receive virtual assets in a manner consistent with the principles of the Travel Rule established by the Financial Action Task Force (FATF).

BitMEX CEO Alexander Höptner said: “At BitMEX, we believe that compliance is of the utmost importance and we are fully committed to complying with relevant regulations around the world.

Joining VerifyVASP is our way of keeping up with the progressive and secure solution that many others in the field have embraced.

An important step in compliance.”

“Each member brings value to the VerifyVASP Alliance.

BitMEX is one of the world’s leading cryptocurrency exchanges, and we believe their membership will help serve our virtual asset service providers,” said Alex Kim, CEO of VerifyVASP.

Members develop stronger travel rules solutions.”

BitMEX Compliance

As one of the first cryptocurrency derivatives exchanges with a fully verified user base, BitMEX continues to make significant strides in compliance. Our key milestones include building anti-money laundering and market integrity capabilities, as well as strengthening our due diligence and KYC programs through partnerships with leading suppliers, associations and alliances.

Go to BitMEX’s Official Website