BitMEX’s Owner, HDR Global Trading, Makes Healthy Deposit Into MIT’s Digital Currency Research


HDR Global Trading Donates To MIT For Conducting Research Related To Cryptocurrencies

The owner and operator of the crypto exchange BitMEX decided to make a donation to the Massachusetts Institute of Technolog (MIT) in order to conduct reserach about cryptocurrencies. The information was released by BitMEX in an announcement uploaded on May 28.

HDR Global Donates To MIT

There are different companies and firms around the world that are currently conducting research about virtual currencies and the crypto market in general. However, it is always good to receive a large funding in order to keep investigating about and developing the Bitcoin (BTC) network. These funds are going to be used to support the Bitcoin developers Wladimir van der Laan and Cory Fields.

Sam Reed, the CTO of HDR Global Trading and the co-founder of BitMEX, commented about this sponsorship:

“Our company has always been energized by the potential of cryptocurrency. Our donation into research and development is about ensuring that the network is more robust. A stronger Bitcoin network will be beneficial to all, and we are very excited to be able to aid in its progress.”

BitMEX is one of the largest cryptocurrency trading platforms in terms of volume. With this investment, the intention is to improve Bitcoin and make it more robust, scalable and private.

The co-founder of BitMEX, Ben Delo, has also joined other 200 billionaires by pledging to donate most of its wealth to charitable causes. Delo explained that he will be using his fortune in order to protect humanity and safeguard the future generations of humans.

MIT’s Digital Currency Initiative has four goals that can be classified into research on blockchain and cryptocurrencies, test concepts with high social impacts, allow access of knowledge of new technology and help students develop skills to drive innovation in the blockchain indnustry.

At the time of writing this article, BitMEX had a trading volume of $3.29 billion in the last 24 hours, according to CoinMarketCap.

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