All BitMEX Users are Now Verified

users on cryptocurrency derivatives exchange BitMEX have now been KYC-verified, according to an announcement made on Jan. 7.

The team announced that it had completed the user verification programme to become one of the largest derivatives exchanges to have a fully verified userbase
BitMEX had been forced to accelerate its KYC program after it faced multiple lawsuits from US authorities over its operations
The exchange has attempted to calm users by saying that it would fight the case and continue its operations, but it has experienced a significant outflow of assets since the lawsuits were filed
At $100 million, derivatives volumes have dropped to a fraction of previous figures, as the exchange continues to face lawsuits from independent investors