After two years as CEO of the crypto futures market Alexander Hoeptner has departed the firm. In addition, Stephen Lutz, the chief financial officer of BitMEX is appointed as temporary CEO.
Hoeptner joined BitMEX in 2020. Hoeptner served as the head of two German stock exchanges before taking over at BitMEX. These exchanges include Borse Stuttgart GmbH and Euwax AG. Soon after Arthur Hayes’s departure as co-founder, he was picked as the company’s new CEO.
Hoeptner has joined the rising number of CEOs and executives who have lately departed their firms in response to the bear market in cryptocurrencies. Jesse Powell of Kraken, Alex Mahinsky of Celsius, and Brett Harrison of FTX US are important crypto industry figures that recently departed their respective organisations.
Stephen Lutz will take over as temporary CEO of the business after Hoeptner’s resignation. Lutz joined BitMEX in 2021 after working as a partner at PricewaterhouseCoopers, an accounting and consulting business.
Lutz told Decrypt through email, “Together with the rest of the management team and our amazing employees, I will ensure that BitMEX continues to provide our customers with fantastic, innovative crypto trading solutions and a safe and reliable trading environment.”
BitMEX was introduced in 2014 as an exchange and derivatives platform for cryptocurrencies. HDR Global Trading Limited is the company’s owner and operator. In 2016, the exchange launched services linked to perpetual futures, which were in immediate popularity with its customers.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.