Bitmex cuts 30% of its workforce, shifting its strategic focus to cryptocurrency derivatives trading

ChainCatcher news, according to The Block, the cryptocurrency exchange Bitmex has laid off 30% of its workforce and is refocusing its strategy on cryptocurrency derivatives trading, including BMEX token trading. As of September, the exchange had approximately 180 employees.

ChainCatcher previously reported that in early October this year, BitMEX CEO Alexander Höptner stated that most of BitMEX's employees had moved from Hong Kong to Singapore and beyond, and now the company's largest office is in Singapore. Last week, Alexander Höptner announced his resignation. (The Block)