BaseFEX:
The chart and the order book is not as good as Deribit and Bybit but seems, like someone said, still acceptable.
Bitmax and a few others:
I need an American-friendly exchange that offers altcoin pairs and high leverages. So I didnt bother.
The chart and the order book is not as good as Deribit and Bybit but seems, like someone said, still acceptable.
Bitmax and a few others:
I need an American-friendly exchange that offers altcoin pairs and high leverages. So I didnt bother.
It doesn't seem like BaseFEX is US-friendly either. They might allow US-based IP addresses but this is posted on their registration page:
Quote
Currently, BaseFEX does not support users from following regions: United States, Cuba, Iran, North Korea, Sudan, Syria, China, and Crimea.
Back to square one?
Volume on Kumex's XBTUSDM contract isn't great yet, and I think that's their only market for now after launching a few weeks ago. They appear to allow US residents.
The core of this series of no American allowed events is the fact that SEC and CFTC think any futures exchange operating outside US shall not be allowed to accommodate US residents. In their eyes, this market can only be reserved for regulated, taxable US companies such as CBOE. I figure IRS will also have access to all the KYC info as well as all the trading records.
So it is not about who says what in their TOS because under US law they all should ban US traders. They just put things there to please US regulators who are fond of long-arm jurisdiction. However, in reality, they may unspokenly welcome US traders. What really matters here is how much risk they are willing to take, and withstand pressure from US regulators.
I can say from my own experience that BaseFEX doesnt ban US traders atm regardless of what they say in their TOS, and I learned from friends that KuMEX neither does but liquidity isn't good there. And correction on my previous comment: Deribit now bans US IPs.