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
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.