Decrypto

BitMex Rents Hong Kong’s Most Expensive Office Space →

CCN:

The average rent per square foot at the new location is US$28.66, more than nine times higher compared to the US$3.18 per square foot that BitMEX was paying at its old headquarters – a logistics and warehouse district in Hong Kong’s Victoria Harbor. With the entire floor consisting of 20,000 square feet, the leasing expenses will add up to US$573,200.

This is almost comical.

I understand the concept of allocating financial resources to different departments in the corporation, but does BitMex really need an office space that’s 10x more expensive when their technical infrastructure can’t even handle current trading volumes?



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