BitMEX, the Seychelles-based derivatives exchange, is looking to mitigate its environmental footprint by purchasing $100,000 worth of carbon credits. Those credits represent 7,110 metric tons of carbon dioxide emissions, the amount BitMEX figures it’s on the line for through its bitcoin-based business.
It’s a fine effort especially because, to my knowledge, no one is criticizing BitMEX for its energy draw. The move, which would offset BitMEX’s share of bitcoin transactions and its corporate servers, would make it one of the first “carbon neutral” crypto exchanges, it said in a blog post. (Rival derivatives platform FTX has made a similar pledge.)