100x Group, BitMEX’s Parent Company, has appointed a German stock exchange veteran, Alexander Höptner, as its new chief executive. The new CEO will reportedly join the derivatives exchange team from the beginning of January. Höptner was a former executive at Börse Stuttgart and Deutsche Börse AG. He also has a professional background in leading roles for BISON development - a crypto trading subsidiary of Börse Stuttgart.

Speaking on the recent event, 100x Group stated,

The Börse Stuttgart exchange became a pioneer of digital asset trading under Alex’s leadership as Germany’s first regulated trading venue for cryptocurrency and the European Union’s first traditional exchange operator to become a regulated crypto multilateral trading facility.”

In response to concerns regarding legal issues, Höptner told the Block that he agreed that the progress of the exchange was slow.

"Yes, things might have slowed down a bit...And we have a little bit lost our edge, but I think the power and the capabilities of the company, they're there." He added, “We need to channel them in the right way. We will look to ourselves and make sure we can deliver to our partners and clients.”

Höptner told The Block that he aims to develop a managed digital asset facility on a global perspective for BitMEX from his previous experience. The official announcement of the hire also suggested that the firm also pursues a “wider vision.” In addition to its cryptocurrency derivatives, the company may pursue possible acquisition targets or new launch items.