BitMEX announced "carbon neutrality" and bought carbon credits – Bits Media

BitMEX officially announced its carbon neutral status and purchase 7 110 carbon credits worth approx. $100 000.

Cryptocurrency exchange BitMEX lost many clients last year due to accusations against the founders and conflict with regulators. Exchange by everyone trying hard to restore his damaged reputation. Now BitMEX has made a knight's move, joining the fashionable environmental agenda.

It became one of the first cryptocurrency platforms, declared carbon neutral status, Besides, the exchange plans to offset emissions from all its bitcoin transactions. The company recently bought 7 110 carbon credits for CO2 emissions amounting to approx. $100 000 in partnership with Pachama, dedicated to reducing the impact of mining on the environment.

Carbon credits are certificates, issued by government agencies, which allow corporations to use a ton of carbon dioxide emitted. The statement said, that the company will invest in research into the environmental impact of Bitcoin and other cryptocurrencies, work with people and organizations, who seek to use innovation to reduce such risks.

In early October, Greenpeace executive director Jennifer Morgan (Jennifer Morgan) spoke at the Reuters Impact conference about, that large corporations are increasingly avoiding responsibility for harm, caused to the planet.

“We are in a climate emergency, and we need to phase out fossil fuels. Compensation schemes allow companies to do this, what they did before and make a profit", She said.