100x Group, the parent company of the Seychelles-based cryptocurrency derivatives exchange BitMEX has hired a new Chief Executive Officer (CEO) as the former CEO Arthur Hayes is facing legal charges in the United States court. As per an official blog post by BitMEX, 100x Group has appointed Alexander Hoptner its new Chief Executive Officer. Alexander Hoptner is the veteran and former CEO of the German Stock Exchange Borse Stuttgart GmbH.
As per the blog post, Alex will join the company from January 2021 and will lead the operations of 100x Group. Vivien Khoo who is currently serving as the interim Chief Executive Officer of the company will hand over her position to Alex. 100x Group made Vivien Khoo its interim CEO as a replacement of Arthur Hayes back in the month of October when the company made a few changes to its leadership team following the legal filing of the United States Securities and Exchange Commission (SEC). She was promoted from its previous post of Chief Operating Officer (COO).
While commenting on his appointment as the CEO of 100x Group, Alex said that the trading platform of BitMEX has entirely changed the way of trading digital currencies. And 100x Group will provide people a better way to use advanced financial services. He said that he is feeling proud of becoming a part of its leadership team.
“I share the global ambition and audacity of its founders and employees to create an ecosystem of cryptocurrency technology that will improve lives. 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. I will ensure 100x Group and the BitMEX platform will continue to play a leading, constructive role in the global development of digital asset markets,” he added.
The company is currently going through the stage of development and growth. And the joining of Alex as an executive is crucial for the company at this time said Dr. David Wong the Chairman of 100x Group in the blog post.
BitMEX and 100x Group were looking for a new person who could fit into the post of Chief Executive Officer as Arthur Hayes stepped down in October from his executive role. At the beginning of Oct, three of the co-founders of BitMEX including Arthur Hayes, Ben Delo, and Samuel Reed were charged with operating an illegal platform by the US SEC.