Alexander Höptner Is Departing From His Role As CEO Of BitMex

Alexander Höptner is stepping down as CEO of cryptocurrency exchange BitMex after less than two years on the job, according to The Block.

According to a business representative, temporary CEO Stephan Lutz has been appointed and will continue to function as CFO.

Höptner will begin working at BitMex in January 2021. He formerly worked at Börse Stuttgart, Deutsche Börse AG, and Euwax AG, where he was instrumental in the development of Bison, Börse Stuttgart’s crypto trading subsidiary.

Upon his hiring, he stated that he intended to use his previous expertise in developing a regulated digital asset venue to assist BitMex in implementing a worldwide strategy.

Höptner previously stated that BitMEX intended to introduce its native token, BMEX, before the end of the year.

BitMex, founded in 2014, was one of the first exchanges to provide crypto derivatives. It has since faced several legal fights.

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