>1broker shut down by the feds
Bitmex does the exact same thing as 1broker and worse. How many people are going to go bankrupt?
How fucked are they?
Jack Hughes
Josiah Perez
>exact same thing
fucking no
stop this lame fud
Ayden Bailey
your the kind of guy who bought at the peak. I sold a week before the top.
Henry Myers
have you even read sec's statement about 1broker?
Anthony Morales
lol you fucking retard. 1broker sells stocks, commodities, and forex without any form of KYC nor any accreditation from a US financial regulatory body
bitmex lets you trade bitcoin futures, which have never been determined to be a currency, a commodity, etc
get fucked brainlet
Christian Long
no thats 1fox their subsidary website u tard
1broker is cryptos only
Henry Flores
BitMEX let's you buy swaps too....the same kind of swaps 1broker got napped for. Not futures, perpetual swaps.
Ian Wright
The more I read about the 1Broker news, the more I’m convinced that Bitmex and Binance will be shut down next.
People who don’t at least acknowledge that this is a possiblity are in complete and utter denial.
The biggest misconception in the comment section:
“Bitmex doesn’t allow US citizens, so the SEC won’t come after them.”
Wrong. Bitmex doesn’t enforce this policy and is knowingly profiting from US citizens trading on its platform.
Hence, the SEC could shut Bitmex down.
Why would the SEC have the ability to shut down exchanges that are in violations of US laws, even if that exchange isn’t based in the US?
And how are Bitmex and Binance potentially violating US laws?
Please read up on it to educate yourself. I can’t spoon feed you everything.
Austin Wilson
1fox is the bitcoin trading site you absolute fucking retard
holy shit, unironically kill yourself
Connor Garcia
>1broker is cryptos only
fucking brainlet
by the way simplefx.com is the next to be seized
Zachary Reyes
>security-based swaps to the U.S. and international investors without following customary discretional investment thresholds.
tell me when the fuck bitcoin has ever been classified as a security? please show me
Kevin Howard
Wait I am confused, which one of you rambling fucking brainlets is right?
Connor Gutierrez
You fucking brainlets binance and bitmex are fucked
Kayden Martinez
Should I move everything from Binance to Gdax?
I'm just wondering if my assets will be frozen after the hammer falls.
Angel Howard
they are totally different you dumb piece of shit.
Matthew Stewart
1broker was seized because they traded US stocks etc for americans investors without any license just using crypto and derivatives
Nathaniel Phillips
move into cold wallet or you are fucked. Sell all BNB and exchange coins.
Henry Morris
here have a (you) read the statement by the SEC
Christian Jackson
James Gonzalez
For a moment, can you stop being stupid? If physically hurts my head trying to go around your argument. That's the affidavit which claims they sold classified securities through swaps as bitcoin. Unless this also gets proven through the court case then bitcoin has not been classified. It's literally a FBI special agents observation and a judges court order which got them to shut down. No conviction has been made no precedent has been set. Which is scary, because this is why it can happen to any other exchange selling swaps... Like BitMEX.
Wyatt Moore
oh my fucking god lmao, you're unironically a brainlet. no joke.
you just posted a good reason why this 1broker shit has no bearing on bitmex.
1broker allowed off-exchange futures trading of traditional financial instruments. fuck you're dumb. they let you trade stocks, precious metals, forex, etc without any KYC or accreditation
off yourself kiddo
Jose Price
so what's the similarity with bitmex?
Chase Price
did 1broker use usd or btc for the collateral?
Ethan Roberts
simplefx.com is the real exact same thing as 1broker
you can buy americans stocks only using bitcoin
Joseph Cox
stop being such a paranoid fucking retard
Jayden Thompson
BTC.
Dude, a hearing in the past has no bearing on a court case which may set a new precedent. A single court case can change the SECs entire stance. Stop trying to talk about stuff you know nothing about. If this court case is won then the derivative trading field will be fucked.
Cameron Sanchez
btw bticoin is a commodity
bitcoinist.com
William Ramirez
bitcoin can be deemed illegal tomorrow dude, sell NOW, you never know what COULD HAPPEN MAN
Kevin Davis
Op is a brainlet
Long live bitmex
Chase Price
OP has a verified IQ of 153. Went to an Ivy League University, what have you done user?
Jaxson Bailey
No, bitcoin swaps offered to American citizens without proper kyc or commodity exchange license are deemed illegal. This doesn't even have anything to do with crypto. A swap literally is a companies derivative _product_ tracking the price of bitcoin through an index. But of course, brainlets like you cannot comprehend.
Sebastian Rodriguez
he is right you know
Jackson Sanders
>IQ of 153
>Brags about going to an Ivy League
Yeah I doubt the first statement hard now.
Leo Jones
pee pee poo poo
Daniel Cox
name on precedent where a bitcoin exchange was shut down because of the exchange's offer of a swap?
you're making a big bold statement bud, let that resonate first before you call people retards. literally equivalent to a black swan event but brainlets make it seem much more probable because they don't understand the difference between 1broker and bitmex
Ryan Jenkins
Do you even understand what a precedent is and how this court case may set one if it's won? You clearly don't, or else we don't be talking.
>literally equivalent to a black swan event
No its not. Please Do me a favor and define a "black swan" for me so I can laugh.
> because they don't understand the difference between 1broker and bitmex
They sell the same derivative product type. A precedent may Fuck them, depending on the DOJ mood BitMEX may be the next target before a precedent is even set. Because BitMEX has no Kyc, no license and let's us persons trade freely as long they sign up from a non US ip (they can trade with a US ip).
Blake Turner
Also dont forget that derivative trading crypto is a new field and when it comes to trading its the most unregulated field right now. You're saying there is no precedent yet...no shit, the sector only seriously exists for about a year (for swaps) and there are less than a dozen sites offering complex derivatives. In regards of exchange and commodities law, the DOJ is a hammer which looks at any exchange as if it's a nail in terms of offering products to Americans without proper accreditation. If you don't understand that, don't draw conclusions on the fact "stuff didn't happen before". You're looking the newest and fastest growing field in crypto right now and it's wonky regularity territory. I'm heading to sleep. Peace out.