BitMEX May Rent World Priciest Office

Now BitMEX occupies the 45th floor of Hong Kong Cheung Kong Center
22 August 2018   731

The Bitmex exchange office moved to the 45th floor of the Hong Kong Cheung Kong Center. The business center is famous for some of the highest rental prices in the world, reports Bloomberg referring to local media.

The skyscraper also houses such financial institutions as Goldman Sachs Group Inc., Barclays Plc, Bank of America Corp., Bloomberg LP and the empire of billionaire Lee Kashin.

Cheung Kong Center
Cheung Kong Center

According to Hong Kong Economic Times, initially BitMEX planned to occupy only half of the floor, but due to plans for expansion, rented the entire 45th floor of the building with a total area of ​​20 thousand square feet (1860 square meters).

It is noteworthy that if earlier BitMEX occupied a poorly finished office on the other side of Victoria Bay at a price of HK $ 25 per square foot ($ 3.18), then in the new office the cost per square foot was significantly higher - up to HK $ 225.

As reported, the Central district has the world’s highest office occupancy costs, according to CBRE Group Inc. It was the third year in a row that Hong Kong had topped the survey. London’s West End was in the No. 2 spot.

The BitMEX exchange was jointly organized by the former Citigroup trader Arthur Hayes. In 2014, he discovered the possibility of making "easy money" on the difference in bitcoin prices in China and Hong Kong. Today BitMEX is one of the most popular platforms for margin crypto trading, and its daily trading volumes exceed $ 3 billion.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.