Bitmex Integrates Financial Market Data Management Platform, Refinitiv, to Enhance Compliance

  • Crypto derivatives exchange BitMEX is set to integrate financial markets data and infrastructure platform, Refinitiv, to improve its compliance standards.

BitMEX derivatives exchange adds the Refinitiv World-Check One to its suite of tools used by the exchange for its compliance procedures. Following a testing period earlier in the year with top executives charged with money laundering, racketeering, and market manipulation, BitMEX is turning a leaf in its compliance procedures.

In October, BEG announced the derivatives exchange requires every trader to be fully KYC compliant by November 5th to open new positions. Now, the exchange is tightening its compliance procedures with the integration of World-Check One from Refinitiv, a leading financial markets data, and infrastructure working with over 40,000+ institutions from over 190 countries.

The platform is set to enhance monitoring of transactions and ensure compliance in issues regarding “sanctions, financial crime, bribery, and corruption risks,” a BitMEX report reads. This is set to enhance users’ experience and trading efficiency on the platform in line with the highest compliance form.

Integrating Refinitiv offers the exchange one of the most efficient and trusted screening platforms to mitigate any risk of illicit funds going through the platform, Malcolm Wright, Chief Compliance Officer of 100x Group (holding company of BitMEX) said. He added,

“Compliance can never stand still, and our inclusion of World-Check One is an important step towards meeting the highest global standards of financial integrity.”

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide