BitMEX Users Are Now Able To Buy And Convert Ethereum: Report

BitMEX users are now able to buy and convert Ethereum with the exchange continuing its expansion plans for 2022 by adding support for the second-biggest cryptocurrency so let’s read more in today’s latest Ethereum news.

Formerly known as a BTC-only derivatives exchange, BitMEX abandoned its plans and added support for new assets with the latest one being Ethereum. The announcement from March 21 informed the users that it will be able to deposit and buy, withdraw and convert eTH. This came as an addition to the available cryptocurrencies BTC and Tether.

The customers have the option to choose from 36 fiat currencies when buying a digital asset on BitMEX and some of those include USD, EUR, GBP, BRL, CAD, CHF, and more. The exchange even promised that users will be able to convert ethereum and USDT to the second biggest crypto without paying hidden fees:

“ You won’t have to worry about slippage, as all crypto converter transactions on BitMEX occur instantly, and at the conversion price shown.”

During the recent interview, the company’s CEO Alexander Hoeptner said that the BitMEX users are now able to enjoy new features on the exchange and shared his vision on how to transform the exchange into a bigger player in the crypto industry. Now, the statemetn informed that the company wants to add new assets in the next few weeks aside from eTH. Additionally, the exchange has plans to launch a spot branch and in anticipation of its Spot’s Arrival, the company released and it airdropped a new native coin dubbed BMEx.

As recently reported, The United States Department of Justice revealed that the founders of the BitMEX crypto exchange Arthur Hayes and Benjamin Delo pled guilty today of violating the Bank Secrecy Act. The authorities said that the trading venue was a money-laundering platform because of its willful failure to implement KYC and AML programs. The two executives who were accused of violating the BSA by operating the exchange admitted to failing to establish, implement and maintain an AML program.

BitMEX’s Samuel Reed was one of the founders of the exchange alongside Arthur Hayes and Benjamin Delo who recently pleaded guilty to violating the US Bank Secrecy Act. He pleaded guilty to one count of violating the Bank Secrecy Act which means that he will face up to five years in prison.