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.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Gabriel Machado
    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


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Binance CEO: Once QE Money Starts Flowing, BTC's Price Will Go Up ‘Very Dramatically'

    “Since coronavirus took over, business-wise the platform is doing really well” - CZ COVID-19, QEg, depression, and countries printing a lot of money...

    South Korean Central Bank to Roll Out Pilot Program to Test CBDC Through Dec 2021

    On April 6, South Korea’s central bank has made the announcement that it started a pilot program for assessing the logistics of a central...

    Former Goldman Sachs Fund Manager Suggests Allocating 25% in Bitcoin

    When Raoul Pal, the former hedge-fund manager who founded Real Vision first learned the coronavirus was spreading rapidly, he thought, “The whole world's f---ed,”. "I...

    PwC Report Reveals 2019's Crypto M&A's Dropped Sharply; Total Value Decreased By 76%

    The 2017 market boom led to the new era of funding in the decentralized space called ICO, however as we entered the bear market...

    How Much New Inflow Bitcoin Needs to Stay at this Price Level?

    For the last 2.5 years, $400 million of new investment each month kept BTC price at $7,000, after halving it would require just...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.