BitMEX Exchange Moves to Top-Priced Office in Hong Kong Amidst Deeply Bearish Market

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Yuri Molchan
Crypto trading platform BitMEX is now renting offices in the world’s priciest business center- Cheung Kong Center. Goldman Sachs, Bloomberg LP, etc, rent offices there
BitMEX Exchange Moves to Top-Priced Office in Hong Kong Amidst Deeply Bearish Market
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Hong Kong media reports that the crypto trading platform BitMEX, founded by trader Arthur Hayes, is now renting offices in the world’s priciest business center- Cheung Kong Center.

Such companies as Goldman Sachs, Barclays Plc, Bloomberg LP, etc, rent offices there as well, the price for a square foot there is HK$225 (almost $30) compared to just $3.18 that BitMEX used to pay for its previous premises.

In spite of the market going down since January, crypto companies, even though their profits are shrinking, are doing their best to become mainstream. Renting luxurious offices, when investors are going through pains of the red market, may show that even despite market volatility, crypto exchanges still prosper, unlike their customers.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.