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BitMex accuses Binance of copying its futures trading documentation

Posted on October 27, 2022 by admin

BitMex accuses Binance of copying its futures trading documentation

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Answer BitMex accuses Binance of copying its futures trading documentation

A short time ago, Binance announced its support for Bitcoin futures and the availability of it on its platform.

BitMex management congratulated Binance on launching its new service, but in its own way, which was mocked.

BitMex’s accusation of Binance is related to the theft of the Bitcoin futures trading service’s documentation.

This is demonstrated by the tweet posted on Twitter by BitMex, which explicitly mocks Binance by saying:

“We are delighted that Binance has enjoyed browsing BitMex documents, which we enjoyed writing.”

Congratulations on launching Testnet Futures binance. Glad to see you enjoyed reading our documentation as much as we enjoyed writing it! pic.twitter.com/lLzcLcX6t4

Read:After the launch of the Filecoin project … learn about the performance of the digital currency FIL and do the miners of the project make profits?

– BitMEX (BitMEXdotcom) 4 September 2019

According to the mentioned allegations from BitMex, which were proven by a review of the new documentation of the Bitcoin futures service launched by Binance, which means that the claim is true, especially since the copying process was done word for word, which means clear intellectual theft.

To bombard a barrage of sarcastic comments and memes from the crypto community and audience.

Reaction of “CZ” CEO of Binance:

After the copying story spread on a global level, Mr. “CZ” CEO of the Binance platform broke his silence and expressed his regret for what happened and that he apologized and said that he did not read the BitMex documents.

and tweeted With a tweet:

“Shame on us, we should know more, we apologize for that, honestly we haven’t read BitMex’s documentation for sure, we will remove it ASAP.”

Shame on us. 😂 Sorry about that. We missed this in the DD process before the acquisition (we didn’t read the BitMex docs ourselves). It will be fixed/removed as soon as possible.

Read:After a perfect year…Can Bitcoin Hold Its Bullish Streak in 2022?

The official documentation for Futures A platform (internally developed) is here: for your review.

– CZ Binance (@cz_binance) 4 September 2019

Read:The decentralized finance currency YFI is flying high and reaching a value of 12,821 dollars… for this reason?

He also posted the documentation link for the new service on github.

While the reaction of some followers of the story was different from what is prevalent, and they viewed from the angle that the crypto market is a new market and its advantages include public participation and transparency.

However, the strange thing is that Binance is a pioneer in the cryptocurrency trading industry, so how did it allow itself to copy the documentation of other trading platforms without even modifying it.

Read also:

Binance adds margin trading for NEO and XMR

Binance launches cryptocurrency lending with annual interest

Binance acquires a cryptocurrency exchange and buys Bitcoin futures contracts


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