The former head of the German stock exchange will become the new CEO of BitMEX 100x Group, the operator and owner of the BitMEX crypto derivatives exchange, announced the addition of Alexander Heptner as CEO. He will take up his new position in January 2021.

Former head of German stock exchange to become new CEO of BitMEX

The holding company 100x Group, which is the operator and owner of the BitMEX crypto derivatives exchange, announced the addition of Alexander Heptner as CEO. It will take your new position in January 2021.

Previously, Heptner headed the German stock exchange Borse Stuttgart GmbH, and since 2018 - the liquidity provider Euwax AG, which took part in the creation of platforms for trading BISON cryptocurrencies based on Borse Stuttgart.

Borse Stuttgart Pioneered Trade digital assets under the leadership of Alex as the first marketplace in Germany for cryptocurrencies and the first traditional exchange operator in the European Union to become a regulated multilateral enterprise for trade cryptocurrencies ", - writes 100x Group.

Former BitMEX CEO Arthur Hayes resigned along with the rest of the management after as in early October, the US authorities charged them with trade violations and other crimes. Vivienne Khu served as interim CEO.

BitMEX's share of open interest in the bitcoin futures market dropped from 40% in September Of 2019 up to 11% in November 2020.

Heptner declined to comment current issues BitMEX, but admitted, “Yes, there could have been a slight slowdown. We lost our advantage a little, but I think the strength and capabilities of the company remain. We need to send them in the right direction ".

He also stated that he will draw on his previous experience in creating regulated platforms for trading digital assets in order to fulfill BitMEX's mission. The exchange itself at the same time is considering the possibility of launching products outside of cryptocurrency derivatives..

“The next step is the tokenization of classic derivatives. There are classic derivatives and cryptocurrency derivatives. So far, almost no one in the world has taken up the tokenization of classic derivatives. The question is, will anyone be interested in it, "Heptner added..

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