The Daily: Crypto Exchange Rents Pricey HK Offices, UAE Realtor Sells Homes for Crypto
Crypto trading platform Bitmex has reportedly rented some of the world’s most expensive offices, in a Hong Kong skyscraper. Also in Bitcoin in Brief today, UAE-based realtor wants to add cryptocurrencies to the payment options offered to its customers. Other reports in The Daily cover Square Cash app downloads surpassing those of Paypal’s Venmo, and a new smart speaker rewarding musicians with crypto payments when you clap your hands.
Also read: Proxy Bitcoin, Simjacking, Zencash Becomes Horizen
style="text-align: center;">Bitmex Rents Expensive Offices in Hong Kong
According to the newspaper, rents in the Cheung Kong Center reach HK$225 ($28 USD) per square foot for the space of about 20,000 square feet. Previously, Bitmex had its offices in the logistics and warehouse district of Hong Kong. Rents in the building there, on the other side of Victoria Harbour, were around HK$25, or a little over $3 USD per square foot.
Bitmex was founded in 2014 by the man considered to be the youngest British self-made billionaire, Ben Delo software developer, Samuel Reed, and former Citigroup trader, Arthur Hayes. The exchange quickly rose to prominence by offering high leverage cryptocurrency contracts and currently ranks second by daily trading volume according to Coinmarketcap.
UAE Realtor Willing to Accept Cryptocurrencies
“Imkan is looking into new ways of approaching financials… We’re looking into cryptocurrencies and new technologies when it comes to putting together financial packages in relation to real estate,” he told local media. Imkan Properties is currently developing 26 projects in six countries worth over $27 billion USD.
The news about Imkan’s plans come after a leading representative of the crypto sector in the region revealed it is working with authorities in several countries to develop regulatory frameworks for the growing industry. As news.Bitcoin.com reported this week, Dubai-based crypto exchange Bitoasis, which operates in UAE, Kuwait, Bahrain, Oman and Saudi Arabia, is trying to engage regulatory agencies from the Gulf Cooperation Council (GCC) member-states in the light of the recently issued statement by Saudi authorities declaring cryptocurrencies such as bitcoin to be illegal in the kingdom.
Square Cash Downloaded More Than Paypal’s Venmo
Tipping Artists With Crypto by Clapping Hands
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