The Unraveling of Crypto's Wild West Era The demise of BitMEX marks a turning point in the crypto market's tumultuous history.
This exchange dominated the scene with its innovative perpetual swaps and high leverage, but beneath the surface, regulatory woes had been building for years.
Charges from the US Department of Justice and Commodity Futures Trading Commission for operating an unregistered financial platform without proper anti money laundering controls led to a significant decline in users.