BitMEX’s CFO Becomes Interim CEO as Alexander Höptner Resigns

Chief Executive Officer of BitMEX, Alexander Höptner, has stepped down from the apex role in less than a couple of years, The Block reported. Existing CFO Stephan Lutz took over as Interim CEO of the crypto company.

Lutz, who joined the crypto exchange in March 2021, will also continue to serve as the CFO of 100X.

“Together with the rest of the management team and our talented staff members, I will make sure that BitMex continues to deliver great, innovative crypto trading products and a secure and stable trading environment for our clients,” Lutz stated in an emailed statement to the crypto-focused publication.

However, the exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes,…