As per the recent news, 100x Group has become part of the firm Global Digital Finance (GDF). 100x Group is popularly known as the parent company of BitMEX and acts as BitMEX’s holding structure. For those unaware of GDF, it is a major industry association that is known for talking in favor of the adoption of the digital asset.
After joining Global Digital Finance (GDF), 100x Group has now become a board member at the company. Once 100x Group is fully onboard and operational, it will help in better adoption of the regulated financial system in the digital industry. The announcement around 100x Group becoming a member of the GDF has been made by BitMEX on January 21, 2021.
With the partnership between GDF and the 100x Group, the firms will be able to work together with the aim to provide more exposure to the crypto-industry. The firms will focus on bringing the private and public sectors together so the platform gains more mainstream adoption for the crypto-industry.
The CCO at 100x Group, Alexander Hoptner also talked about the goal that the companies will be able to achieve with collaboration. Hoptner stated that their aim is to promote great private and public collaboration between the investors. He stated that his attempt will prove to be the only maneuver that the digital asset industry can adopt to bring in more exposure and adoption.
The Global Digital Finance (GDF) organization was launched back in March 2018. Since its launch, the organization has been working alongside cryptocurrency firms and regulators from around the world. The company has been trying its best so that the digital asset companies the regulators can be brought on the same page. This would ensure that the digital asset industry will be able to operate all over the world with the help of the regulators.
At present, the main concern of the regulatory authorities around the world is the lack of policy adherence. Therefore, by working together and setting aside any uncertainties and ambiguities, the digital asset industry and the regulators can work together in the future.
He stated that for the cryptocurrency and digital industry to survive and thrive in the future, both of them have to work together. When it comes to regulators, they will have to show a bit of flexibility with respect to policies and regulations. As far as the cryptocurrency/digital asset industry is concerned, they will have to adhere to the policies and work with regulators to highlight any weak points in the policies.
Hoptner stated that so far they have managed to bring many major companies onboard such as Huobi, ConsenSys, and Coinbase. As BitMEX has joined the board members at GDF, the company is set on the right track for adoption and success.