Bitmex’s successor, CEO Arthur Hayes, resigns

Bitmex exchange CEO Alexander Höptner has announced his resignation right after much less than two many years in this place.

As lately reported by Coinlive, waves of layoffs and resignations are spreading on the industry. As cryptocurrencies are in a prolonged “winter” phase, the similar affect of the liquidity crisis has led to the weak corporate overall performance of a quantity of businesses.

Before that, quite a few people today in essential positions have “left their posts”, this kind of as Gavin Wood who left the place of CEO of the Polkadot improvement unit, moving on to turn out to be Technical Director, CEO Celsius Network or Michael Saylor CEO “. lost the place “.

Today it is the flip of Bitmex CEO Alexander Höptner to announce his resignation. Notably, these resignations took impact instantly when the facts was announced.

A representative of the Bitmex exchange shared with the press:

“Stephan Lutz was appointed interim CEO of Bitmex following the fast resignation of Alexander Höptner. Stephan continues to hold the place of Chief Financial Officer of Bitmex, possessing held this place because May 2021 “.

Along with that, interim CEO Stephan Lutz also explained:

“We make absolutely sure that Bitmex continues to offer outstanding and revolutionary trading merchandise and a secure and steady trading atmosphere for our clientele.

Bitmex would like to express our sincere thanks to Alexander for his terrific efforts as CEO. I want him even a lot more results on the way to go. “

Bitmex was founded in 2014 and is a single of the very first derivatives trading platforms on the industry. The leader aided carry the Bitmex identify far past CEO Arthur Hayes himself, a single of KOL’s cult figures at the time.

However, Bitmex could not stand up to the “legal storm”. CEO Hayes has had to stage down right after a series of lawsuits with the CFTC and the United States Department of Justice. His substitute was Alexander Höptner in January 2021.

In the following many years, Bitmex could no longer retain its foremost place for the reason that it had to compete with heavyweights like Binance or FTX. The industry share of derivatives trading is also reducing. So far the Bitmex identify has remained off the “map” of exchanges all-around the planet. Conversely, Binance “does well” when it comes to capturing the bulk of the industry share of spot trading and derivatives.

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