A message from Alexander Höptner, CEO of 100x Group
The story of BitMEX closely mirrors the story of crypto itself – the optimistic, visionary beginning, the explosion in popularity, the challenges, and ultimately, transformation as crypto becomes part of the fabric of our daily lives.
BitMEX was established in 2014 to bring something from the traditional world – professional-grade derivatives – into the purely digital space of crypto. We’ve experienced incredible success throughout our short history. But the crypto landscape has evolved rapidly in the last few years, and it’s time for BitMEX to make a strategic shift.
I joined the company at the beginning of this year and was tasked with a very specific mission – to lead our transformation from a crypto derivatives exchange to something bigger.
I’m proud to announce that today marks the start of that transformation. Every journey starts with an ambitious goal. Ours is to become one of the world’s largest regulated crypto derivatives exchanges and a powerful catalyst for change in the financial services industry.
We will do this by greatly expanding our service offerings and by adding five new global business segments: Spot, Brokerage, Custody, Information Products, and Academy.
This means over the coming months and years, BitMEX will dramatically expand the services it provides whilst also seeking additional licenses in highly respected jurisdictions.
We are building out the diversity of products on the derivatives side, with our derivatives offer remaining at the heart of our business.
BitMEX will launch full-service spot capabilities globally to provide users with a way to buy and sell crypto assets.
We will establish a licensed brokerage to offer end-to-end principal, agency, and OTC trading services to our clients.
Building on our industry-leading security capabilities, we also plan to launch a fully licensed and proprietary asset custody solution for our clients.
As crypto trading becomes even more sophisticated and as our Derivatives, Spot, Brokerage, and Custody capabilities take shape, we are going to create an information products division to offer scalable and reliable information products for the crypto community.
To help our customers and the industry navigate the crypto trading ecosystem, we are going to invest in education with the founding of BitMEX Academy. The Academy will provide educational content on digital assets and trading – with content to cover everyone from crypto novices to crypto natives.
The Bottom Line
This will be a huge, highly ambitious transformation – and it will take creativity, resourcefulness, and time.
One thing I’ve realised is that if there’s one thing that’s programmed into every single one of us here at BitMEX, it’s that we are innovators.
And, as we have a lot of work to do, we have already begun a hiring strategy to add the right people to our team for the journey ahead. If you want to join us for the next chapter of our story, please see here for our open positions.
Let’s get started.