Bybit, Bitget and OKX combined have 877,000 monthly active users in the U.S., data from Sensor Tower shows. It’s unclear if they are just checking prices, or trading in violation of the rules.
- Cryptocurrency exchanges Bybit, Bitget and OKX had nearly a million “monthly active users” in the U.S. in August, data from Sensor Tower shows.
- That doesn’t mean these MAUs were trading in violation of U.S. rules; they could’ve just been engaging in allowed behavior like checking crypto prices.
- But with VPNs, it’s possible for Americans to circumvent geoblocks, a costly lesson exchange giant Binance recently learned.
At many crypto exchanges around the world, U.S. residents are like visitors to an art museum. They can look, but they’re not supposed to touch.
Apparently, a lot of Americans are at least looking. Are any of them touching?
Bybit, Bitget and OKX, three of the largest cryptocurrency exchanges, all prohibit traders from the U.S., where the companies are not licensed. Yet in August, the three exchanges combined had almost a million monthly active users (MAUs) in the U.S., according to research by Sensor Tower obtained by CoinDesk.
