The popular cryptocurrency derivatives exchange BitMEX today announced its geographic expansion by opening a new office in Vancouver, British Columbia.

Initially, BitMEX reported that the office will have about 20 employees, covering various functions, and intends to increase the number of employees over time.

“Establishing a business in a vibrant city where we can grow and scale is very important to the success of our business transformation plan. We have started hiring open positions and look forward to demonstrating our commitment to responsibly innovating and investing in The employee’s commitment.”
– Alexander Höptner, CEO of BitMEX

As early as late October, BitMEX also announced plans to expand its group business to Switzerland.The Swiss office will be the location of BitMEX Link, a broker Trading crypto assets.