In a recent interview with Yahoo Finance, the head of the world’s largest crypto exchange BitMEX, Arthur Hayes, said that the platform doesn’t trade against its clients.
According to the anonymous blog, BitMEX has “a hard time acting ethically once it gets in their way of making more money.”
An “independent crypto research” also states that BitMEX secretly trades against its clients through a market making desk that was only recently disclosed.
The author of research (his real name is also absent) claims that the exchange makes money when it liquidates client positions and puts excess margin in its insurance fund.
Earlier, BitMEX launched its own division of Venture Capital. Led by Kumar Dandapani, a former partner of Nth-Degree Analytics.
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