KYC Coming on BitMEX? Derivatives Exchange on a Hiring Spree

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Three days ago, Seychelles-based cryptocurrency exchange BitMEX posted 12 new positions for US and Hong Kong locations on LinkedIn. From human resources, client development to developers and engineers, BitMEX is looking to add more talent to its company.

However, among these two dozen new openings, two positions really stood out.

Customer Due Diligence and AML

The crypto derivatives exchange that offers a leverage of up to 100x has no KYC requirement but looks like not anymore. The first position in the limelight is the AML Operations Manager.

For this position, the platform is looking for someone who will be responsible for developing and managing the end-to-end process of conducting due diligence of its existing and onboarding retail and institutional clients.

It will also include customer screening related to AML and sanctions requirements. In customer screening, the candidate will have to manage daily volumes. Besides record keeping of all documentation, the candidate will advise on and escalate reputation risks arising from CDD and customer screening to Compliance.

The candidate is required to have over 5 years of experience and solid knowledge and understanding of regulatory requirements relating to CDD/AML.

Scaling BitMEX

Another opening position is Senior Java developer for the same company location for the BitMEX Trading Engines which handles all brokerage and trading and is responsible for the design and development of a number of microservice-based electronic trading system components.

It further involves new feature implementation, bug fixing, and performance tuning and overall architectural design of the Trading Technology stack.

“We are building a best in class Technology team to help us scale BitMEX to millions of users and millions of transactions per second. We are looking for experts in low latency trading system development, microservice architectures, and scaling,” writes the exchange.

The exchange is looking for someone with over 7 years of programming experience and over 5 years of financial experience.

It’s gonna affect the market

These new positions came after BitMEX liquidated one of its largest liquidations ever causing the price of bitcoin to fall to $3,600 on the exchange.

“I was only looking to see if they were hiring more talent after the problem on 3/13…didnt expect this though we all knew it was coming to the masses (not just the large accounts),” said commentator with pseudonym I am Nomad.

Commenting on this “big” news, popular trader Majin said, though it is not necessarily bearish, the exchange “became safe haven against kyc in recent years,” and expect this to have some effect.

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