HDR Global Trading announces new holding structure, 100x Group

MAHE, Seychelles, July 14, 2020 /CNW/ -- HDR Global Trading Limited ("HDR"), the company behind leading cryptocurrency derivatives trading platform, BitMEX, announces the creation of a new holding company structure, 100x.
HDR Global Trading announces new holding structure, 100x Group
Building on the success of BitMEX, the new 100x holding company structure will pursue a broader vision to reshape the modern digital financial system into one which is inclusive and empowering. 100x will become the holding structure for HDR and allA their other assets, including the BitMEX platform.This new structure providesA the Group with more freedom to explore, incubate and pursue new opportunities and investments, whilst remaining committed to enhancing BitMEX's leadership position in the cryptocurrency exchange market. The BitMEX platform, brand and legal structure remain unchanged and the Group will continue to invest in growing the BitMEX platform.The team behind BitMEX created the XBTUSD Perpetual Swap, which has become the most traded cryptocurrency product of all time. Today the Group employs over 200 people globally including a team of world-leading developers, engineers, financial products specialists and compliance experts.
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