![]() ![]() VPNs also help you prevent your privacy from hackers or phishers. What is a VPN?Ī VPN or virtual private network helps you stay anonymous on public internet connections. You can bypass this restriction using VPN services. Now that you know why you can’t use BitMEX in the USA. It is mandatory for trading platforms functioning in the USA to obtain a broker’s license and register with CFTC. It is well known that Bitcoin is an unregulated asset, and hence BitMEX was forced to shut down its services in the USA. Since in the mid 2017s, cryptocurrencies came into the limelight, and the USA passed laws to regulate futures trading. ![]() The perpetual contracts are of two types:īitMEX Futures Contract Why is BitMEX banned in the USA? In perpetual contracts, the underlying asset is approximately the same price index as the spot market asset. The BitMEX perpetual contracts never expire or settle and are different from the traditional futures. You can go long or short in both cross and isolated margin trading. ![]() You can use bitcoins as a margin to open positions in both directions of the market movements. The exchange lets you trade on leverage on almost all the popular cryptocurrencies. The exchange offers maximum leverage of 100x on specific assets and broadly provides the following contract options. Trading options at BitMEXīitMEX does not offer its services in spot trading but provides a series of products on high leverage. And to do the same, let’s start by understanding the trading options at BitMEX. ![]() However, before going through the steps of using BitMEX in the USA, let us first understand why you can’t use BitMEX in the USA.
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