All users on cryptocurrency derivatives exchange BitMEX have now been KYC-verified, according to an announcement made on Jan. 7.

• The team announced that it had completed the user verification programme to become one of the largest derivatives exchanges to have a fully verified userbase
• BitMEX had been forced to accelerate its KYC program after it faced multiple lawsuits from US authorities over its operations
• The exchange has attempted to calm users by saying that it would fight the case and continue its operations, but it has experienced a significant outflow of assets since the lawsuits were filed
• At $100 million, derivatives volumes have dropped to a fraction of previous figures, as the exchange continues to face lawsuits from independent investors