BitMEX CEO steps down from his role

Alexander Hoeptner became the latest person in the crypto space, who left his position at the crypto company amid the bear market phase.

Alexander Hoeptner joined the futures crypto exchange BitMEX in 2020 and after two years of work he left this crypto company. Now BitMEX’s CFO Lutz is the new CEO.

Earlier BitMEX, Alexander was CEO of Borse Stuttgart GmbH and Euwax AG, German stock exchanges. With this decision, Alexander joined the list of those people who left their roles in crypto companies because of the ongoing bear market phase of this innovative space.

BitMEX’s new CEO Lutz said that the company aimed to provide better services continuously with its talented staff.

“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.”

BitMEX exchange was initially launched as a crypto exchange with futures trading features in 2014 and also grabbed huge traction in the crypto sector but now this exchange is facing significant competition from FTX, Binance, Coinbase like crypto companies.

At this moment, BitMEX is standing at 25th rank in the crypto industry, in terms of 24 hours global crypto trade volume on its platform.

In the last 3 months, the majority of the crypto companies admitted that the crypto market is now running under a bear phase and now we should work on practical development works.
Many big crypto companies reduce their workforce so that their companies can sustain all their financial work without any funding stress in this bear market.

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