BitMEX May Rent World Priciest Office

Now BitMEX occupies the 45th floor of Hong Kong Cheung Kong Center
22 August 2018   987

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.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.