BitMEX Hastens User Verification After Securing 50+% of Their Trading Volume
The troubled crypto exchange BitMEX has accelerated its user verification program after securing over 50% of their trading volume in almost two months since the program begun. On Wednesday, the exchange has announced certain changes meant to accelerate the rollout of their User Verification Programme for individual customers, as well as BitMEX Corporate customers.
Users are asked to complete a four-step process, which includes uploading a photo ID, a proof of address, and a selfie, as well as answering multiple choice questions about source of funds and trading experience, said the exchange. Though the launch of a trading tournament for users who have completed verification was mentioned when the program was announced, BitMEX decided to delay it due to the accelerated timeline.
