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BTC Derivatives Platform BitMEX Makes KYC Obligatory: Report

The BTC Derivatives platform BitMEX makes KYC obligatory and the future looks quite bright for the DeFi protocols so let’s find out more in the upcoming Bitcoin news today. The BTC derivatives platform BitMEX is implementing KYC for all users despite their trading size. Moving in the direction of regulatory requirements can push the exchange into a playground for the hedge funds. This provides a lot of opportunities for derivatives DEXes to fill the exchange’s options as a non-KYC trading venue. The new KYC policy requires the users to submit personal information to the exchange by 2021. This represents a…

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