Major Crypto Exchanges Kraken, BitMEX, and Binance Facing Shutdown According to New Report

October 1, 2018

 

Major cryptocurrency exchanges like Kraken, BitMEX, and Binance are all facing shutdowns, according to a new report posted online earlier today. “Coming exchange shutdowns” could affect Kraken, BitMEX, and Binance “as CFTC and SEC design regulatory actions”, writes Rogue Trader at The ICO Journal in a post from earlier today. The ICO Journal cites a number of sources from across the industry as proof that these major cryptocurrency exchanges could be shut down in the near future. Speculation has heated up this past week after the shutdown of 1Broker. On Thursday, the FBI seized 1Broker.com for violating a number of US laws and regulations. The exchange is facing a number of charges from the SEC, the CFTC, and the FBI. The shutdown of 1Broker has sent a signal to the industry: US regulators will not stand quietly by as American investors become victims. 1Broker is based in the Marshall Islands and allegedly allows US investors to trade on the platform. Although it’s not based in the United States, the exchange was still able to be shutdown by US regulatory authorities for violating US law.

Now, some believe that Kraken, Binance, and BitMEX could be next.

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