BitMEX, a crypto exchange in the derivatives market that is planning to soon add a spot market, has hired a new Chief Commercial Officer – Rupertus Rothenhaeuser.
BitMEX has been in a rebuilding mode following the exit of its founder and former CEO Arthur Hayes – who was a target of an enforcement action in the US. BitMEX has been applying new operational practices, including strict AML/KYC requirements as it aims to become competitive in a sector that is quickly moving to adhere to existing and new securities regulations.
Rupertus is expected to “spearhead BitMEXʼs Beyond Derivatives plan” that will see the crypto exchange offer spot trading, custody, brokerage services, and more. BitMEX is regulated in Seychelles.
Rupertus previously served as CEO at Crypto Finance (Brokerage) AG. He has also worked in the traditional banking sector holding positions at ABN AMRO Bank, BNP Paribas, Macquarie Group, SIX Digital Exchange, Boerse Stuttgart, and other financial services firms.
Rupertus will report to BitMEX CEO Alexander Höptner and will be based in Asia. According to his LinkedIn profile, Rupertus is based in Hong Kong.
Höptner said he was pleased to add Rupertus to their team as they add new services and “transform BitMEX from a derivatives platform to a “full crypto ecosystem.”
“Our mission is to lead the digital financial revolution, and I am confident that Rupertus is uniquely suited to drive our commercial development,” said Höptner.
Rupertus added that there is a major expansion plan in the works and he is excited to join the BitMEX team at a pivotal time:
“I see many opportunities for us to expand beyond derivatives, develop game-changing products, and offer significant value in the crypto space for retail and institutional
clients alike. The next few years will bring explosive growth for this industry, and BitMEX will be at the forefront of this as we contribute to a better financial ecosystem for all users.”
BitMEX said it is actively hiring for other positions to support its growing user base.