- Alexander Höptner resigns from his role as CEO of the crypto exchange BitMEX.
- Höptner joined BitMEX in January 2021 after leaving German Exchange Borse Stuttgart GmbH.
- Stephan Lutz, BitMEX’s chief finance officer has been appointed as interim CEO.
Alexander Hoeptner allegedly resigned as CEO of crypto exchange BitMEX after less than two years of service. A statement from the company reveals that the exchange’s current CFO, Stephan Lutz, will take over as the interim CEO.
As per the information from BitMEX, Hoeptner’s departure was unrelated to the company. Moreover, the company stated that it “will not be commenting further at this time.” However, Hoeptner refused to give a reason for his departure.
Meanwhile, the newly appointed interim CEO shared his thoughts and regards on the latest happenings in his email statement which read:
Together with the rest of the management team and our talented staff members, I will make sure that BitMEX continues to deliver great, innovative crypto trading products and a secure and stable trading environment for our clients. We want to thank Alexander for his support to the business during his tenure and wish him well in his future endeavors.
Hoeptner, who was previously the CEO of the German stock exchange, Borse Stuttgart GmbH, and liquidity provider, Euwax AG, joined BitMEX in late 2020.
Subsequently, Hoeptner joins the bandwagon of a long list of executives who have resigned from the crypto industry.
Notably, FTX US’s Brett Harrison and Celsius Network’s Alex Mashinsky have stepped away from leadership roles, along with Kraken’s Jesse Powell earlier this year. Resignations can be attributed to a range of reasons, but they are all suspected to be driven by the collapse in crypto prices.
The trading volume of most crypto exchanges has plummeted this year, and most digital assets have lost more than 50% of their value, according to CryptoCompare, an FCA-authorised benchmark administrator and digital asset data provider.
It is also noteworthy that BitMEX once ranked as the world’s biggest crypto derivatives exchange. According to CoinMarketCap, FTX and Binance have outperformed BitMEX in terms of volume in recent years.
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