BitMEX Joins Philanthropic Efforts With Dedicated $2.5M Fund To Fight COVID-19
BitMEX Joins Philanthropic Efforts With Dedicated $2.5M Fund To Fight COVID-19
April 20, 2020
BitMEX Joins Philanthropic Efforts With Dedicated $2.5M Fund To Fight COVID-19
BitMEX Joins Philanthropic Efforts With Dedicated $2.5M Fund To Fight COVID-19
April 20, 2020

Crypto derivatives exchange BitMEX joins philanthropic efforts to fight the COVID-19 global health crisis. On April 20, the exchange’s operator, HDR Global Trading, launched a dedicated COVID-19 Response Fund and announced its contribution of a total $2.5 million in grants to four recipients:

A Statement from BitMEX adds:

As a fintech company, the best way for us to contribute to these efforts is through philanthropy. Philanthropy has unique potential in this crisis; strategically directed funds can fill gaps in the global response and rapidly empower well-equipped but under-resourced organisations. 

The above-mentioned recipients focuses on policy analysis and capacity-building projects to reduce biological risks, vaccine, diagnostics and treatment development, data research and open-source support for data privacy techniques.

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Arthur Hayes, CEO and Co-Founder of HDR Global Trading Limited, commented:

“We are committed to thoughtful grantmaking and ensuring that our actions during the COVID-19 crisis can make the biggest impact now and in the future. We have therefore decided to make grants totalling US$2.5 million to four organisations that are making a tangible difference in tackling COVID-19 as well as mitigating global catastrophic biological risks.” 


Official Source: BitMEX | Pixabay

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Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
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