BitMEX plans to add five new business segments

The Seychelles-listed exchange said it will expand its line of trading offerings.

In the past, several exchange managers –Arthur Hayes, Ben Delo and Samuel Reed – Several serious legal charges were brought. They left their leadership positions at BitMEX and surrendered to the authorities. 

Under the leadership of a new CEOAlexander Heptner's company is trying to create a new image. BitMEX said it will add 5 new business segments – spot, broker, storage service, info products and academy.  

Heptner has not yet announced specific dates for the introduction of new tools, but notes that the main goal of BitMEX – to become “the largest regulated crypto derivatives exchange.” 

The expanded exchange team plans to implementfull-featured spot trading, expand the derivatives business, launch options, implement a regulated proprietary custody solution, and create BitMEX academies.

To implement its strategy, the management of the exchange is considering the possibility of an IPO. 

The BitMEX plan can help breathe new life intoher once dominant business. Despite Bitcoin's bull run, BitMEX's market share has dropped significantly and the exchange is making relatively little revenue.

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