Following a recent regulatory crackdown on the founders of major crypto exchange BitMEX, 100x Group, the holding group for HDR Global Trading Limited, owner of BitMEX, announced its new CEO.
After BitMEX Co-founder Arthur Hayes stepped down in October due to the crackdown, Alexander Höptner, CEO of Börse Stuttgart GmbH and Euwax AG, will become the CEO in January 2021, 100x said.
“Alex will lead 100x Group as we pursue our wider vision of shaping the evolution of digital financial services through strategic investments, innovation, and enhancement of the BitMEX platform,” the company said, adding that the new CEO will also join the board of directors.
“The future of this industry will increasingly belong to those who provide a regulated trading environment that is innovative, liquid, and fair for institutional and retail investors alike,” Höptner was quoted as saying.
Under his leadership, the Börse Stuttgart exchange became Germany’s first regulated trading venue for cryptocurrency and the European Union’s first traditional exchange operator to become a regulated crypto multilateral trading facility.
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