That's weird because it works just fine for me here in Florida. That might be an old disclaimer before these new regulations took effect
Florida is not part of the USA anymore Apparently you don't know what the state legislature did two weeks ago Just kidding But that page says it was updated 10 days ago, and if you hover over the words "10 days ago," it says 07/21/25 04:18 https://support.bitunix.com/hc/en-u...estricted-Regions-and-User-Eligibility-Notice
They don't allow USD deposit and withdraw, maybe that's what they are talking about? But as far as trading you're allowed to deposit and withdraw crypto and trade it. They have a money transmitter liscense in the US. I was able to verify identity with US identification and they welcomed me right in. Just use an onramp like Binance or Coinbase if you want to trade USD
I saw the page that says they have a money services business license. That would actually imply the opposite of what you just described. If they can do money transfers, then that would supposedly mean that I can use their services to send $400 to my niece in California, or to that guy in Romania who is pretending to be a mail-order bride from Ukraine, or whatever, i.e., it is an alternative to Western Union or a SWIFT wire transfer. If they are licensed by US authorities as a money transmitter, why can't they transmit US dollars?? But you're saying I can use their platform to trade crypto futures, as a US person? And they are not regulated by the CFTC? Or by the SEC? [LMFAO] Sounds like FTX Is bitunix a broker or an exchange? Or is their answer to that question: What difference does it make?
I honestly don't know man. I don't know if they don't have USD trading because they are not allowed to, or if they haven't set it up yet. I don't even know if that's the right liscense to have if you want to trade USD. One thing is for sure though, it works for me and there's others in the US saying it works for them and this is without a VPN. They've been around since 2021, which is not that long, but I know they would have already been shut down if they were doing something illegal. And they also somehow managed to get a nice BBB+ rating with the better business bureau. So i don't know whats going on.
How about long-dated options on IBIT? You can go out as far as December 2027. I know you said you don't want time decay. But if you do a synthetic, i.e., buy the call and sell the put, same expiration, without holding the stock/ETF, that is almost functionally equivalent to holding a futures contract. You don't have the extreme leverage of futures. But you do have downside risk that is equivalent to holding the ETF, because you are naked short the put. And there is some liquidity in the options. For example, the IBIT Dec27 70 call has a volume of 41 contracts today, and open interest of over 11,000 contracts. As I write this, the bid and ask are 20 cents apart.
All of this is way over my head... LOL... but thanks for trying! I agree that long dated options are likely the best way to go about this, but I'm having fun, and or rather, maybe foolishly thinking that I can generate income consistency. July has been good because I've head about 6 or 7 trades closed profitably. Even if Bitcoin dumped, I'm still not scared, it just means that I have no more money to trade with until I make more from the job, or the price goes back up so I can close some trades for a tiny profit. With options, its more about buying and holding and less about trading. Part of my inspiration is also from the ES thread. @theapprentice is absolutely killing it by going only long and doing it over and over again. The ES is also likely to always go up, like bitcoin, so you have the wind at your back.
This is what I find crazy. Everyone wants to do this. So once alt season is over, bitcoin should moon and not drop! LOL.... But looking at the charts, I don't see anything happening to be honest. Maybe I've never experienced a crypto bull cycle yet, or maybe I never will, but even ETH hasn't broken the ATH. Thank God SOL recovered some so I was able to sell half, but no way do I see it going to 800 like the guy in the video suggested. Anything is possible given the right environment, but the stimmy checks and lockdowns just isn't happening again. It might just be a slow grind up for bitcoin (perfect for trading it by selling the rallies and buying the dips), but no alt season... followed by a big dump when everyone gives up.
Trade on HyperLiquid dex (decentralized exchange), the front end (website) might have geo-blocking, so it's a good idea to have a vpn point get your feet wet, first Install a crypto wallet that supports Arbitrum, Metamask or Rabby Buy $35 worth of Eth and withdraw to your crypto wallet's Arbitrum address (Coinbase or Kraken) Buy $1000 worth of USDC and withdraw to same address above (Arbitrum again) Connect your wallet to the HyperLiquid app, always choose Arbitrum network in all transactions https://hyperfoundation.org/ deposit 1000 USDC to the HyperLiquid perps if it goes to spot, no worries transfer to perps trade btc/usd limit your leverage to 25x, 0.2 btc https://app.hyperliquid.xyz/trade/BTC enjoy going short or long Let us know if you have any questions enjoy