Crypto exchange BitMEX’ owner and operator has reportedly donated its majority of wealth to the Massachusetts Institute of Technology (MIT) to conduct cryptocurrency-related research. HDR Global Trading Limited, which wholly owned and operated BitMEX, has made a donation to the MIT Digital Currency Initiative (DCI) to conduct the research essential to support the development of digital currency and Blockchain solution. The funds, in particular, will be allocated to support Bitcoin Core developers Wladimir van der Laan and Cory Fields.
On this sponsorship, HDR Global Trading CTO and BitMEX Co-founder Sam Reed commented that the “donation into research and development is about ensuring that the network is more robust. A stronger Bitcoin network will be beneficial to all, and we are very excited to be able to aid in its progress.”
Recently, the other BitMEX Co-founder Ben Delo had joined more than 200 other billionaires after pledging to donate the majority of his wealth to charitable causes, as per the recent report. Delo, in his pledge, noted that he will utilize his fortune to “safeguard future generations and protect the long-term prospects of humanity.” Delo will direct his wealth to “navigate the challenges and opportunities posed by new technologies in the upcoming century.”
Last month, HDR Global Trading Limited had formed a partnership with Trading Technologies International, the U.S.-based professional trading infrastructure firm, with the intention to open up its products to crypto derivatives traders. This collaboration will enable Trading Technologies International traders to trade on BitMEX and will get access to its crypto products like Bitcoin-based XBTUSD Perpetual Swap.