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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.
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.
STORY CONTINUES BELOW
- 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
Kevin Reynolds
Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
