hdr global trading limited

Yet, in this digital age, financial services remain too slow and too complicated to transform. BitMEX said it was a peer-to-peer crypto-products trading platform that offered leveraged contracts bought and sold in Bitcoin, that it did not buy or sell Bitcoin and that while its products indirectly exposed investors to Bitcoin price fluctuation, an investor's gains or losses were not directly dependent on rises or falls in the value of Bitcoin. Dr David Wong, Non-Executive Chairman of 100x, added, "BitMEX remains central to the ongoing success of our business, and we will continue to invest in the platform to maintain and grow our leadership position. HDR operates, HDR Global Trading Ltd. 100x Group explores, incubates and pursues opportunities and investments, as part of its mission to reshape the modern digital financial system into one which is inclusive and empowering. Throughout the Relevant Period, HDR has owned and operated the BitMEX trading platform. The Advertising Standards Authority Ltd. (trading as ASA), registered in England and Wales, Registered Number 0733214, The Advertising Standards Authority (Broadcast) Ltd. (trading as ASAB), registered in England and Wales, Registered Number 5130991, The Committee of Advertising Practice Ltd. (CAP), registered in England and Wales, Registered Number 8310744, The Broadcast Committee of Advertising Practice Ltd. (BCAP), registered in England and Wales, Registered Number 5126412, All companies listed are registered at: Castle House, 37-45 Paul Street, London, EC2A 4LS [, Online, catch-up TV and radio, in-app and in-game, Newspapers, magazines and printed materials, Guidance on advertising delayed payment services, Enforcement Notice - Advertising Tax Arrangement Schemes. They said that the graph did not exaggerate the benefits of a Bitcoin investment or conceal the risks associated with such an investment. Four complainants, who believed the ad exaggerated the return on the investment, challenged whether it was misleading. This blog is operated by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 148707 and registered address at Global Gateway 8, Rue de la Perle… Three Fins Pte. Its employees provide contract-based services to its parent company, HDR Global Trading Limited, a Republic of Seychelles entity incorporated in 2014 and having registered company number 148707. 100x Group, the holding group for HDR Global Trading Limited, owner and operator of the BitMEX platform, has appointed Alexander Hoeptner as its new Chief Executive Officer. It has been created by the founders of HDR Global Trading, the company behind the cryptocurrency derivatives trading platform, BitMEX. But our ambitions don't stop there. Get updates, handy hints, and insightful advice direct from the experts who write the advertising rules. We are setting out to change the status quo and reshape the modern digital financial system into one which is more inclusive, and empowering.". Ltd. is a Singapore entity incorporated in 2019 and having registered company number 201921049W. HDR Global Trading Limited, a.k.a. The vertical axis was labelled “Bitcoin Price In US Dollars” separated by decimal point value increments from $0.0001 to $100,000. HDR Global Services (Bermuda) Limited. Crypto derivatives exchange BitMEX announced on Monday that its operating company HDR Global Trading Limited is donating US$2.5 million towards the global effort to respond to the coronavirus pandemic. We understood that such scales were a valid and useful way of presenting data; particularly when there was a need to show very large changes or rates of change over long time periods. Despite being incorporated in the Seychelles, HDR does not have, and never has had, any operations or employees in the Seychelles. The graph depicted a sudden rise in the value of Bitcoin after July 2010. from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. Bitmex is one of the world’s largest cryptocurrency derivatives trading platforms and is owned and operated by HDR Global Trading Ltd, a Seychelles-incorporated entity. They said there was no suggestion that investors should be optimistic about future investment prospects of Bitcoin or any of BitMEX's trading products. The lawsuit, captioned Williams, et al. v. HDR Global Trading Limited, et al., is pending under docket number 1:20-cv-02805-ALC and seeks rescission and damages. And although the road ahead will be challenging, there's a reason to believe Bitcoin's still got a chance at glory". The grant is non exclusive and … A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Ten years ago today, the first block of the Bitcoin blockchain referenced the front page of The Times.” Text at the top of the right page stated “3 January 2019. Explore a list of HDR Global Trading Ltd.'s former employees below to discover who they are, where they are now, and who they know. MAHE, Seychelles, July 14, 2020 /PRNewswire/ -- HDR Global Trading Limited ("HDR"), the company behind leading cryptocurrency derivatives trading platform, BitMEX, announces the creation of a new holding company structure, 100x. They said the logarithmic scale was the only sensible way of depicting such a significant increase. A newspaper ad for the cryptocurrency trading platform BitMEX, seen on 3 January 2019. Sign up to our newsletters. Docket for Williams v. HDR Global Trading Limited, 1:20-cv-02805 — Brought to you by the RECAP Initiative and Free Law Project, a non-profit dedicated to creating high quality open legal information. Upheld It has employees operating out of its Singapore office. HDR Global Services Limited. May 18, 2020 @ 11:04 pm By Omar Faridi | . This website is operated by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 148707 and registered address at Global Gateway 8, Rue de la Perle, Providence Mahé, Seychelles (“HDR”). Our rulings are a transparent record of our policy on what is and isn’t acceptable in ads. All Rights Reserved. AS140632 HDR Global Trading Limited Network Information, IP Address Ranges and Whois Details Helpful information on the advertising rules and examples of previously published ASA rulings based upon topics, issues and media channels. The highest value recorded on the graph was of more than $10,000 between July 2017 and Jan 2018. It has employees operating out of its Bermuda office. BitMEX and the mobile apps issued under BMEX are wholly owned and operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity or its relevant authorised affiliates. We noted that the graph used a logarithmic scale on its y-axis which meant that the equally spaced values on that scale did not increase by the same amount each time and instead increased by orders of magnitude. Click here for FAQs and to submit an enquiry. They said that while cryptocurrency might experience falls in values as well as rises across a ten-year period, both were equally and accurately represented by the scale used. Its employees provide contract-based services to its parent company, HDR Global Trading Limited, a Republic of Seychelles entity incorporated in 2014 and having registered company number 148707. The horizontal axis was divided and labelled into six month units showing dates between January 2009 and January 2019. In addition, we did not consider that the text alongside the graph which stated that Bitcoin was "still very much an experiment", that "the road ahead will be challenging" or "price volatility" mitigated the overwhelming impression about Bitcoin's value created by the graph. They said that the platform was a contracts-based exchange for the trading of derivatives. HDR Global Trading Limited, the operator of BitMEX, pledged to donate $2.5 million to four organizations to fight the coronavirus pandemic. With the knowledge, experience and resources of 100x, we have great confidence in our ability to make a positive and long-lasting impact on the development of the digital financial ecosystem of the future.". A lawsuit was filed on May 16, 2020, against HDR Global Trading Ltd, the parent company of the Hong … Website. BitMEX is a P2P crypto-products trading platform. For those reasons we considered that readers of the ad were likely to be misled about bitcoin’s value and stability in recent years and therefore about what any investments they might previously have made would have yielded. They said the graph was not intended to advertise either Bitcoin or any of BitMEX's products. We considered that was a clear promotional statement of Bitcoin's merits and did very little to warn consumers of any risks. HDR GLOBAL LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity They said that they did not intend to republish the relevant material nor publish any ads in the UK which featured a similar logarithmic representation of the price of Bitcoin. HDR Global Trading Limited, 3:20-cv-03345 — Brought to you by the RECAP Initiative and Free Law Project, a non-profit dedicated to creating high quality open legal information. 2. 100x will become the holding structure for HDR and all their other assets, including the BitMEX platform. HDR Global Trading Limited, 100x Holding Limited, ABS Global Trading Limited, Shine Effort Inc Limited, and HDR Global Services (Bermuda) Limited (BitMEX) are some entities that operate with BitMEX owners and are defendants in the complaint. The ad showed a graph spread across two pages. The appointment of Wong, who has more than 30 years of experience in the financial services sector, comes after a wave of regulatory scrutiny The company was founded by Ben Delo, Arthur Hayes and Samuel Reed in 2014 and is headquartered in Hong Kong. HDR Global Trading Limited, described as the owner of the trading platform called BitMEX, of the Seychelles; ABS Global Trading Limited, described as a Delaware company based in Hong Kong; Arthur Hayes, Ben Delo, and Samuel Reed, all described as residents of Hong Kong, at the U. S. District Court for the Southern District of New York. The team behind BitMEX created the XBTUSD Perpetual Swap, which has become the most traded cryptocurrency product of all time. MAHE, Seychelles, July 14, 2020 /PRNewswire/ -- HDR Global Trading Limited ("HDR"), the company behind leading cryptocurrency derivatives trading platform, BitMEX, announces the … We understood, however, that bitcoin’s value had fluctuated dramatically in recent years from, for example, approximately: US $1,000 at the beginning of 2017 to US $14,000 in November of that year and then steadily back down again to US $4,000 at the time the ad was published in January 2019. HDR Global Trading Limited (BitMEX) is a Company located in Seychelles, Africa, and was founded in 2014. Two complainants, who believed the ad failed to illustrate the risk of the investment, challenged whether it was misleading. The ad showed a graph spread across two pages. BitMEX said that all transactions settled in Bitcoin would require an individual user to already own Bitcoin before they used the BitMEX exchange platform and that BitMEX had no direct financial interest in the value of cryptocurrency itself. BMA LLC v. HDR Global Trading Limited, 3:20-cv-03345 – CourtListener.com This blog is operated by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 148707 and registered address at Global Gateway 8, Rue de la Perle, Providence Mahé, Seychelles (“HDR… In any case the full text stated "Despite price volatility and how entirely bonkers the system seems, the Bitcoin protocol appears robust. They said it was not possible to buy or sell Bitcoin on the BitMEX platform, or transfer physical or other currencies to HDR Global Trading in exchange for Bitcoin. The lawsuit alleged that HDR Global Trading Limited, the company that owns and operates BitMEX, violated know your customer and anti-money laundering policies, which caused hackers and tax evaders to use the exchange. HDR Global Trading Limited is the owner of the trading platform called BitMEX and operated BitMEX out of an office in Manhattan. Learn more about our Press Team and how to sign up to gain access to embargoed rulings. HDR Global Trading Limited Securities Litigation. The 100x Group is led by HDR's founders, Arthur Hayes, Ben Delo and Sam Reed. However we considered that at least some specialist knowledge of that type of scale would be needed to interpret the graph and that, in the absence of clear explanatory information, the graph was unlikely to be familiar or readily understandable to the national newspaper audience to whom the ad was directed. The vertical axis was labelled “Bitcoin Price In US Dollars” separated by decimal point value increments from $0.0001 to $100,000. BitMEX said the remainder of the ad referenced the risk involved in any investment which referred to Bitcoin in Mr Hayes' article as "still very much an experiment" and mentioned "price volatility" as an issue affecting Bitcoin. BitMEX allows users to ‘Trade Bitcoin and other cryptocurrencies with up to 100x leverage.’ BitMEX said the purpose of the graph was to inform, not to sell, that it was not intended to present detailed data for the purposes of financial analysis and the small scale would make it difficult for it to be used for that purpose. Cision Distribution 888-776-0942 Cryptocurrency charts by TradingView. HDR Global Trading Ltd. operates as a cryptocurrency derivatives trading platform. MAHE, Seychelles, Dec. 1, 2020 /PRNewswire/ -- 100x Group, the holding group for HDR Global Trading Limited, owner and operator of the BitMEX platform, has … HDR Global Trading Limited (which owns and operates the BitMEX cryptocurrency trading platform) is proud to support Bitcoin development and engineering, aimed at improving Bitcoin’s robustness, scalability and privacy. 27. Filing 2 CERTIFICATE OF SERVICE by HDR Global Trading Limited re #1 Notice of Removal, (Hibbard, Stephen) (Filed on 1/2/2020) January 2, 2020: Filing 1 NOTICE OF REMOVAL of Civil Action from San Francisco Superior Court. The horizontal axis was divided and labelled into six month units showing dates between January 2009 and January 2019. By January 2017, it had become, and remains, the largest cryptocurrency derivatives exchange in the world, with the highest trading volume of any such futures exchange. They said as a crypto-trading platform BitMEX allowed investors access to crypto financial derivatives markets to facilitate their trading with each other on a peer-to-peer basis. HDR Global Trading Limited was incorporated in the Seychelles in 2014 as a Seychelles International Business Company. AdviceOnline entries provide guidance on interpreting the UK Code of Non-broadcast Advertising and Direct & Promotional Marketing. Building on the success of BitMEX, the new 100x holding company structure will pursue a broader vision to reshape the modern digital financial system into one which is inclusive and empowering. The UK Code of Non-broadcast advertising and Direct & Promotional Marketing company behind cryptocurrency. Graph was not intended to advertise either Bitcoin or any of BitMEX 's products dates between January and... Of derivatives the horizontal axis was labelled “ Bitcoin Price in US Dollars separated! 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Way of depicting such a significant increase be challenging '' the ad showed a graph spread two. ’ t acceptable in ads continue to invest in growing the BitMEX trading.! Et, Copyright © 2020 PR Newswire Association LLC of HDR Global trading Limited, et al., pending! That was a clear Promotional statement of Bitcoin or any of BitMEX 's products little to warn of! Trading Limited launched in 2014 complainants, who believed the ad showed a graph depicting value. Ad exaggerated the return on the investment, challenged whether it was misleading of. Our rulings are a transparent record of our policy on what is isn! Seeks rescission and damages policy on what is and isn ’ t acceptable in ads derivatives.

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