100x Group, the parent of BitMEX operator, announced on Tuesday the appointment of Alexander Höptner as its new Chief Executive Officer.
He will replace Vivien Khoo, who temporarily took over the apex role in early October after the stepping down of the exchange’s Co-founder and previous CEO, Arthur Hayes. He and the other two Co-founders of the exchange are facing criminal charges in the United States.
Höptner is taking charge of the Seychelles-registered exchange when it is facing a lawsuit in the United States for the violation of several regulatory compliances. He will have to reinstate traders gain on the once leading crypto derivatives exchange.
“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,” the new CEO said in a statement. “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.”
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Compliance is the Key for BitMEX
Höptner is an expert in the financial industry with over two decades of experience. He is joining the crypto company from Börse Stuttgart GmbH and Euwax AG, where he has been the CEO since 2018.
In his early career, he joined Deutsche Börse and spent more than a dozen years in various roles. Additionally, he founded and headed a few companies in the financial market.
“Alex joins us at a timely moment when the company is undergoing a transformational journey into our next stage of growth and development, and I am confident that with his experience he will make a major contribution,” 100x Group Chairman, Dr David Wong added.
“He joins a well-established business with a proud history of innovation, an exceptionally talented team, and the financial resources to invest for the long term. He has been appointed with the full support of the Board, and we look forward to seeing Alex take our company to the next level.”