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Crypto Firm BitMex Gives Financial Assistance to MIT for Bitcoin and Crypto-Related Research

The founder and operator of leading crypto exchange platform BitMex made a generous contribution to the Massachusetts Institute of Technology to assist them in their crypto-related studies.

HDR Global Trading Donation

According to a recent announcement, HDR Global Trading Limited gave a sizeable donation to MIT’s Digital Currency Initiative (DCI). The project aims to conduct research that’s essential to support the growth and development of blockchain technology and digital currency. The funds are said to be allocated specifically to provide assistance to Bitcoin core designers Cory Fields and Wladimir van der Laan.

When asked to comment on the surprisingly altruistic support, BitMex co-founder and HDR Global Trading CTO Sam Reed explained that the donation given to development and research is about making sure that the Bitcoin network will become more robust. He added that a stronger crypto network will undoubtedly benefit everyone. Reed also said that BitMex is “excited to be able to aid in its progress.”

Joining 200 Other Multi-Millionaires

It was previously reported Ben Delo, a co-founder of BitMex, joined 200 other multi-millionaires in promising to donate the majority of his assets and wealth to charitable organizations and movements.

Delo wrote in his pledge that he will use his wealth to protect future generations and safeguard humanity’s long-term prospects. He said his financial capacity will be directed to “navigate the challenges” and explore the opportunities created by new technologies in the coming century.

HDR Global Trading Limited as also partnered with Trading Technologies International (TTI), a US-based trading infrastructure company, to introduce its products to crypto traders. This will allow TT traders to trade on and gain access to BitMex products.

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