Crypto futures exchange BitMEX CEO Alexander Höptner steps down from his position. He has now left the firm, leaving his position for others to take over. As per the details from a spokesperson, Stephan Lutz has taken over as the interim CEO. Lutz will also continue his position as the current CFO of the exchange.
“Stephan Lutz has been appointed as Interim CEO of BitMex after Alexander Höptner has left our business with immediate effect.” “Stephan will continue to serve as our CFO, a role he has held since May 2021,” a spokesperson of BitMEX.
Höptner left the firm after less than two years with BitMEX
Höptner enjoyed over a year as the CEO of BitMEX after he joined the exchange in 2021. Prior to that, he was the CEO of a German stock firm, Borse Stuttgart. Lutz mentioned in an email statement that he will work closely with the rest of the management team and talented staff members. He also assured to continuously deliver innovative and great crypto trading products along with a stable environment.
“We want to thank Alexander for his support to the business during his tenure and wish him well in his future endeavors,” Lutz stated.
BitMEX began providing crypto derivatives services in 2014 and was one of the first exchanges to do so. Höptner was an active crypto enthusiast who used to shed his insights on the market.
According to BitMEX CEO Alexander Höptner, institutional investors remain optimistic about cryptocurrency and Ethereum. Höptner spoke at the Token2049 conference in Singapore, emphasizing that the institutional push into cryptocurrency has not slowed despite the bear market. Höptner also stated that institutions will be purchasing and storing cryptocurrency assets due to the long time horizon for adoption in the banking industry.
The decision by Höptner comes at a time when the markets are not in their best shape.