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Bitmex Founder Is Britain's First Bitcoin Billionaire

bitmex july6

Ben Delo, the co-founder of cryptocurrency trading platform Bitmex, is Britain's first bitcon billionaire, according to British media.

The 34-year-old Oxford graduate, who founded Bitmex in 2014 with Samuel Reed and Arthur Hayes, has also become the nation's youngest self-made billionaire.

Incidentally, Arthur Hayes speculated last week that Bitcoin would reach $50,000 by year end.

Bitmex is currently one of the largest cryptocurrency exchanges in the world, which is worth around $3.6 billion. It currently has an estimated 24-hour trade volume of approximately $2.55 billion.

It was the maths and computer science graduate who built the Hong Kong-based firm's trading engine.

Ben Delo makes his fortune by taking a fee from every bitcoin transaction made through BitMex.

"I have had my nose down in a start-up for the past four years. I was doing 18-hour days at one point," he told the Sunday Times.

Delo worked for IBM as a software engineer, and then as Assistant Vice President at JP Morgan, before founding Bitmex along with his U.S. colleagues.

Delo is said to be leading a frugal lifestyle in Hong Kong, accompanied by his wife Pan Pan Wong.

Inspired by the gestures of Warren Buffett and Bill Gates, he is reportedly pursuing philanthropic efforts.

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