Cryptocurrency exchange BitMEX has announced it appointed Alexander Höptner as the new CEO of 100x Group, owner and operator of the BitMEX platform.
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According to an official announcement, Höptner will report directly to 100x Group Chairman David Wong and will join the board of directors. Höptner will replace Vivien Khoo, BitMEX's Interim CEO in January 2021. Prior to BitMEX, Höptner has been serving in Börse Stuttgart GmbH and Euwax AG since 2018.
The Börse Stuttgart exchange is known 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. Before joining Börse Stuttgart, Höptner held executive committee roles for Deutsche Börse AG for 15 years.
Höptner claims BitMEX forever changed the way people trade cryptocurrency and 100x Group will forever change the way they use modern financial services.
"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 added.
At the beginning of October 2020, BitMEX announced changes in the management structure of 100x Group. BitMEX’s founders Arthur Hayes and Samuel Reed stepped down from their positions as CEO and CTO, respectively.
The decision came after the US Commodity Futures Trading Commission (CFTC) and the US Department of Justice filed charges against BitMEX, Hayes and other company executives. Among other things, they are accused of breaking the law by registering a derivatives market as well as failing to comply with bank secrecy law requirements.
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