HDR Global Trading Limited, operator of the BitMEX cryptocurrency trading platform, announced on Monday the launch of its COVID-19 Response Fund. The company reported that it has granted US$2.5 million towards the global effort to respond to the pandemic.
The HDR Global Trading COVID-19 Response Fund has reportedly confirmed grants of between US$300,000 and US$1,000,000, totaling US$2.5million, to four organizations:
- Gates Philanthropy Partners
- Nuclear Threat Initiative (Biosecurity Program)
- OpenMined
- Our World in Data
Speaking about the fund, Arthur Hayes, CEO and Co-Founder of HDR Global Trading Limited, stated:
“We are committed to thoughtful grantmaking and ensuring that our actions during the COVID-19 crisis can make the biggest impact now and in the future. We have therefore decided to make grants totaling US$2.5 million to four organizations that are making a tangible difference in tackling COVID-19 as well as mitigating global catastrophic biological risks.”
Founded in 2014, BitMEX is a next-generation cryptocurrency trading platform that supports leveraged trading through Perpetual and Futures Contracts. The exchange offers a fast, safe, and liquid way to trade and hedge cryptocurrency risk.
