Bitcoin Mercantile Exchange Introduces Corporate Accounts with Enhanced Security and Improved Accounting Features

The Hong Kong operated Bitcoin Mercantile Exchange (BitMEX), the world’s largest cryptocurrency derivatives trading platform, is introducing a program that will reportedly offer special benefits to corporate clients – which may include improved security and accounting services.

As mentioned on BitMEX’s website:

“The BitMEX Corporate account program is a set of features and services designed to better serve our ever-growing segment of corporate customers. ‘Corporate’ accounts are simply the part of our customer base where the account owner is not an individual, but a company or other legal entity, and as such need different ownership structures for their accounts.” 

The Corporate account will also provide ways for employees to easily access and better manage their accounts.

The new accounts will offer an improved Corporate legal structure, which will ensure that users’ accounts are the legal property of their Corporate Entity, and not an employee or individual.

Additionally, the accounts will provide “enhanced service” through dedicated client coverage relationship managers and regular access to global corporate events.

The new accounts will offer “enhanced security,” including more options for “defining account access and control via authorized signatories and dedicated account management.” Improved auditing features will be available as well.

(For more details on these benefits, click here.)

HDR Group, the parent company of BitMEX, recently invested in Sparrow, an options trading platform that has raised $3.5 million in a Series A funding round.

Earlier this month, HDR Global and OKCoin awarded a $150,000 grant to Bitcoin Core developer Amiti Uttarwar. The research division of BitMEX has also awarded a $100,000 grant to Bitcoin (BTC) developer Gleb Naumenko.

BitMEX has noted that COVID-19 is accelerating digital technology adoption, which is mainly benefiting BigTech while SMEs are struggling.

A lawsuit was filed against BitMEX last month for allegedly engaging in money laundering and other types of illicit activities.

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