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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:

  1. Gates Philanthropy Partners

  2. Nuclear Threat Initiative (Biosecurity Program)

  3. OpenMined

  4. Our World in Data

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 — 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.”

Official Source: BitMEX | Pixabay

#bitmex #coronavirus #HDRGlobaltrading #Philantrophy

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