BitMEX Joins Philanthropic Efforts With Dedicated $2.5M Fund To Fight COVID-19
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:
Nuclear Threat Initiative (Biosecurity Program)
As part of our commitment to grantmaking and to support the global effort to respond to the #COVID19 pandemic, we have awarded a total of US$2.5 million to @gatesfoundation Philanthropy Partners, @NTI_WMD, @openminedorg and @OurWorldInData. More info at https://t.co/wqs9OP6Ow3 — BitMEX (@BitMEXdotcom) April 20, 2020
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.
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.”