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    BitMEX Launches ‘BitMEX Ventures' To Join Rivals With Its Own Crypto Venture Capital Arm

    BitMEX Joins Rivals In Launching Its Own Venture Capital Arm

    BitMEX, a platform that offers P2P trading and leveraged Bitcoin contracts. The company, according to The Block Crypto, has followed the path of its rivals to launch a new company focused venture investments. This new company will be focused on identifying potential crypto firms that can be invested in.

    This new venture arm of the company will be led by Kumar Dendapani, the global head of BitMEX Ventures, which joined the firm this year. He was formerly a partner at the Nth-Degree Analytics. Maxim Wheatley will also be working at the firm.

    The idea of this new initiative is to back highly talented companies like Blockfolio, which has already BitMEX as an investor.

    Not A Surprise That BitMEX Is Acting Now

    Many of the rivals of the company are launching similar initiatives now, so it is not a surprise that they decided to do it. For instance, the two most important companies in the exchange market, the American giant Coinbase and Binance, the largest exchange in the whole world, are together in their mission of each creating their own venture arm.

    Coinbase has announced this new venture unit back in April. The company already has more than 20 investments in important companies in its portfolio. Binance has also created a $1 billion fund to be used in venture capital enterprises and also created Binance Lab’s unit, a social impact fund.

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    Gabriel Machadohttps://bitcoinexchangeguide.com/
    Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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