The Bitcoin Mercantile Exchange or BitMEX is a cryptocurrency trading platform that has seen considerable growth in terms of users and trading options this year. BitMEX has raked in huge profits by offering futures contracts on many large-cap cryptocurrencies like Bitcoin and EOS, even giving the option to trade with up to 100 percent leverage. They helped widen the possibility of making money on Bitcoin without actually owning Bitcoin. This cast a wider financial net, and caught the interest of a larger group of investors.
The platform gained even more notoriety last month after it became the first exchange to trade one million Bitcoins in the span of 24 hours.
It seems that BitMEX has big plans for all this revenue, with an eye specifically on downtown Hong Kong. Shawna Kwan, citing an article from The Hong Kong Economic Times, writes in Bloomberg:
BitMEX leased the 45th floor of the Cheung Kong Center, the Hong Kong Economic Times reported Wednesday, citing people it didn’t identify. The skyscraper is home to Goldman Sachs Group Inc., Barclays Plc, Bank of America Corp., the securities regulator, Bloomberg LP and billionaire Li Ka-Shing’s empire.