HDR Global, the operator of BitMEX, announced on Wednesday the appointment of Ben Radclyffe as its commercial director.
In his new role, Radclyffe will be responsible for developing the company’s financial products and sales strategies, being the head of its business and client development.
”The BitMEX platform has seen amazing growth in its six years since inception and has cemented itself as both a market leader and a cornerstone of the cryptocurrency world,” Radclyffe said.
“As the company, and crypto in general, mature, we have a fantastic opportunity to help shape that landscape and provide value to our users through further innovation and development of products. I’m incredibly excited to be joining such an innovative and rapidly growing firm in an ever evolving industry.”
He is a financial expert and brings two decades of experience to the cryptocurrency company.
How Astra’s Decentralized Compliance Layer Fills a Legal Protection GapGo to article >>
Prior to his role at HDR, Radclyffe spent over three years at Tower Research Capital following his seven-and-half year-long tenure at Deutsche Bank at multiple roles. Entered as the head of electronic trading for Australia at the German investment bank, he later oversaw all electronic equities trading for the APAC region.
He also spent nine years at UBS as its director of electronic trading, making him a veteran of the equities trading platform.
Troubles with the law?
Known for offering crypto derivatives with huge leverage, BitMEX, along with Binance and other major crypto exchanges, were slapped with 11 class-action lawsuits in the United States for the violation of securities law and misleading investors for buying unregistered securities. Notably, BitMEX does not offer services in the US.
The UK financial regulator also warned against the derivatives exchanges for operating as an unregistered entity in the country.
Meanwhile, HDR recently committed a $400 million grant to Shadowserver Foundation, a non-profit security organization.