BitMEX, one of the leading derivative product platforms in the cryptocurrency market and which has made a big change in the sector with its leveraged transactions, has recently become known with the pressure of breakups and regulators.
Angelina Kwan Resigns
BITMEX came into the spotlight last June with the claim that the CFTC, a leading US regulator, had opened an investigation against him. BitMEX CEO Arthur Hayes has reduced its effectiveness on social media to almost zero since the CFTC allegations were made, and many Bitcoin (BTC) investors have sparked a huge trend of attracting funds from the stock market.
In a recent press release, BITMEX announced the departure of Angelina Kwan, a senior executive at the stock exchange. Kwan was a senior executive in charge of regulators at BitMEX and was responsible for communications with institutions such as CFTC. BitMEX did not give any details about the cause of the breakup and stressed that he wished Kwan success in the continuation of his business life.
Kwan joined the firm in October 2018, and his resignation after the CFTC news reveals that the two incidents are related. It is not known who will replace the senior executive at this time.
BITMEX recently came up with the news of Binance’s leaking information for its futures platform. Changpeng Zhao made a statement about the issue, apologizing to BitMEX and acknowledging the small theft of information.