MAHE, Seychelles, July 15, 2020 /PRNewswire/ -- HDR Global Trading
Limited ("HDR"), the company behind leading cryptocurrency
derivatives trading platform, BitMEX, announces the creation of a
new holding company structure, 100x.
Building on the success of BitMEX, the new 100x holding company
structure will pursue a broader vision to reshape the modern
digital financial system into one which is inclusive and
empowering. 100x will become the holding structure for HDR and
all their other assets, including the BitMEX platform.
This new structure provides the Group with more freedom to
explore, incubate and pursue new opportunities and investments,
whilst remaining committed to enhancing BitMEX's leadership
position in the cryptocurrency exchange market. The BitMEX
platform, brand and legal structure remain unchanged and the Group
will continue to invest in growing the BitMEX platform.
The team behind BitMEX created the XBTUSD Perpetual Swap, which
has become the most traded cryptocurrency product of all time.
Today the Group employs over 200 people globally including a team
of world-leading developers, engineers, financial products
specialists and compliance experts.
Arthur Hayes, Co-Founder and
CEO of 100x, said, "Financial services play a crucial role in
our everyday lives and in the global economy. Yet, in this digital
age, financial services remain too slow and too complicated to
transform. We are setting out to change the status quo and reshape
the modern digital financial system into one which is more
inclusive, and empowering."
The 100x Group is led by HDR's founders, Arthur Hayes, Ben
Delo and Sam Reed. They are
also joined by recently appointed Non-Executive Chairman, Dr
David Wong.
Dr David Wong, Non-Executive
Chairman of 100x, added, "BitMEX remains central to the ongoing
success of our business, and we will continue to invest in the
platform to maintain and grow our leadership position. But our
ambitions don't stop there. With the knowledge, experience and
resources of 100x, we have great confidence in our ability to make
a positive and long-lasting impact on the development of the
digital financial ecosystem of the future."
About 100x Group
100x Group explores, incubates and pursues opportunities and
investments, as part of its mission to reshape the modern digital
financial system into one which is inclusive and empowering. It has
been created by the founders of HDR Global Trading, the company
behind the cryptocurrency derivatives trading platform, BitMEX.
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