Arthur Hayes. Source: a video screenshot, Youtube, CfC st. Moritz.

HDR Global Trading, the operator of significant crypto derivatives platform BitMEX, is developing a brand-new holding business structure, branded 100 x, “to pursue a broader vision to reshape the modern digital financial system,” Co-founder and CEO Arthur Hayes revealed today.

The brand-new structure will consist of all possessions of HDR, consisting of BitMEX that was released in2014 According to Hayes, this development will supply them with more “freedom to explore, incubate and pursue new opportunities and investments, whilst remaining entirely committed to enhancing BitMEX’s leadership position.”

The logo design of thegroup

“The BitMEX platform, brand and legal structure remain entirely unchanged by the launch of the 100x Group, but we will be doubling down on growth of BitMEX through continual product innovation and technology advancement. BitMEX is, and will remain, the cornerstone of our success,” the CEO stated in a blog site post.

The portfolio of 100 x consists of the trading platform and 100 x Ventures, a crypto investment firm with holdings in tasks like MaiCoin, Merkle Science, PDAX, and the Sparrow exchange. The group utilizes over 200 people worldwide.

The 100 x Group is led by HDR’s creators, Arthur Hayes, Ben Delo, and Sam Reed. They are likewise signed up with by just recently selected non-executive chairman, Dr David Wong, a former Bank of China (Hong Kong) Group and ABN AMRO Bank executive, who is now accountable for directing the Group’s long-lasting growth technique.
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