BitMEX Hires Ex-Coinbase Executive Hughes as Head of Risk
Source: BitMEX
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Cryptocurrency exchange BitMEX, whose operators last year agreed to pay up to $100 million to settle allegations of allowing illegal trading and breach of anti-money laundering rules, hired former Coinbase Global Inc. executive Marcus Hughes as chief risk officer.
Hughes, who reports to Chief Executive Officer Alexander Hoptner, will lead engagement with regulators and policymakers and build out BitMEX’s risk framework and compliance programs as it expands into new markets, according to a blog post.