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BitMEX Plans to Add Spot Trading, Brokerage, Custody Services: Report
The crypto exchange's new CEO also said he aims to repair relationships with regulators.
Embattled cryptocurrency exchange BitMEX's new CEO said the firm is planning to add spot trading, brokerage and custody services to its offerings.
STORY CONTINUES BELOW
- Alexander Höptner, who joined the exchange in December, said Thursday he is planning on transforming the exchange and expanding business operations by adding three new services, according to a Bloomberg report.
- Prior to joining the firm, Höptner worked for the German exchange Börse Stuttgart. In his new role, he plans to transform BitMEX by amending relationships with regulators and expanding business operations to spot trading and brokerage and custody services.
- “I was coming from the regulated and classical world. I have a lot of touchpoints with the regulators already…Now I’m working on the crypto side and bringing the crypto side to the regulated world,” he said.
- BitMEX announced Thursday the appointment of auditing veteran Stephan Lutz as its new chief financial officer. Lutz will take charge of financial growth, business expansion and profitability.
- In October, the U.S. Commodity Futures Trading Commission and federal prosecutors charged BitMEX with facilitating unregistered trading and other violations.
- As reported by CoinDesk Wednesday, BitMEX founder and former CEO Arthur Hayes, who is currently in Singapore, could surrender to U.S. authorities next month.
- Höptner declined to comment on the criminal charges against the BitMEX co-founders, according to CoinDesk.
Read more: BitMEX Founder Arthur Hayes May Surrender to US Law Enforcement Next Month
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
