The 100x Group, the operator of the crypto derivatives exchange BitMEX, has appointed ex-head of the Stuttgart Stock Exchange, Alexander Höptner, as CEO.

He will start working at BitMEX on January 1, 2021.

Previously, Höptner held senior management positions at Deutsche Börse AG, operator of the Frankfurt Stock Exchange, the Börse Stuttgart Stock Exchange, and Euwax AG. The latter participated in the creation of a cryptocurrency trading platform based on Börse Stuttgart – it became the first regulated platform in the European Union focused on digital assets.

In October, former BitMEX CEO Arthur Hayes resigned along with the rest of the leadership following a lawsuit by the US Commodity Exchange Commission and allegations by the US Department of Justice.

Against the backdrop of problems with the authorities, 100x Group hired a new compliance manager.