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Parent of Troubled BitMEX Names a Former Stock Exchange Chief Its New CEO
Hoptner comes from Borse Stuttgart GmbH and Euwax AG, where he has been CEO since 2018.
Updated Sep 14, 2021, 10:36 a.m. Published Dec 1, 2020, 2:18 a.m.
100x Group, the holding group for HDR Global Trading Limited, owner and operator of the embattled BitMEX cryptocurrency derivatives platform, named Alexander Hoptner as its CEO.
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- Announced Tuesday, Hoptner will become head of the Seychelles-registered holding group, effective January 2021.
- Hoptner is the former CEO of the German stock exchange Borse Stuttgart GmbH and more recently liquidity provider Euwax AG, which he has led since 2018.
- The reshuffle comes at a time when 100x's original founders have been embroiled in a civil lawsuit over allegations of facilitating unregistered trading and other violations.
See also: BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
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- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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