BitMEX Exchange Now Supports Cardano (ADA) And Other Cryptocurrencies

The cryptocurrency exchange BitMEX has announced that it now offers Tezos, Polkadot, and Cardano (ADA) (XTZ).

In addition to Shiba Inu (SHIB), Chainlink (LINK), Tron (TRX), Solana (SOL), Polygon (MATIC), and many other cryptocurrencies, users will be able to deposit and withdraw the aforementioned cryptocurrencies using their BitMEX wallet. The newly added cryptocurrencies can now be converted from USD Coin (USDC) and Tether (USDT) into about 30 other cryptocurrencies.

BitMEX listed Ethereum (ETH) earlier this year. The cryptocurrency trading platform introduced its fiat on-ramp service back in November 2021.

Following its founders’ arrests on suspicion of breaking the bank secrecy act and aiding in money laundering, including former CEO Arthur Hayes, BitMEX lost market share after becoming the dominant force in cryptocurrency during the 2018 bear market.

For failing to put in place a know-your-customer policy, BitMEX was also required to pay a $100 million civil monetary penalty to the Commodity Futures Trading Commission. Following a leadership change and a shift toward emphasizing legal compliance.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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