A sinking company scrambling to keep its head above the surface - Anonymous employee BitMEX Employee Review

1.0
17 July 2021
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

No more pros. The company used to have a lot of potential but anyone good has either left or been let go in mass layoffs.

Cons

TO ANY CANDIDATE CONSIDERING 100X FOR EMPLOYMENT, I URGE YOU TO RECONSIDER - THERE ARE PLENTY OF COMPANIES OUT THERE, DONT WASTE VALUABLE YEARS OF YOUR CAREER HERE. The company was once a major player in the space (arguably #1) but the cofounders lacked any direction or ability to manage the company and competitors quickly flew by. Now the company is far behind its competitors and lacks any real direction. The big five year plan (proudly published to their blog) is basically to follow in their competitors footsteps and I guess hope that it returns them to their number one spot? The head of product has accomplished next to nothing in the past three years despite copy and pasting more swaps and futures contracts that has not resulted in any meaningful growth. The head of HR is silent on most issues and has provided no leadership to fix a toxic and misogynistic culture created by the cofounders and crypto bros in leadership roles (and despite being aware of this, the new CEO has also allowed for an all boys club board of directors as well). Despite being a 300 person org, if you’re an engineer, the cofounders will dissect your code, if you’re on customer support, the cofounders will publicly slack shame you, if you’re on product/design the cofounders will have no idea what your role is, if you’re on comms/marketing, the cofounders will slack shame you for minor typos. Despite claiming that they were stepping back from their roles due to the public, ongoing lawsuits, the cofounders are still deeply involved in minute details of the business and are one of the key hurdles that prevent 100x from ever being successful again. I could go on and on about what makes this a toxic place to work but save yourself the headache. It’s sad to see a company that once had so much potential in a perpetual (pun intended) downward spiral.

Explore other reviews about BitMEX

5.0
4 June 2025
Recommend
CEO approval
Business outlook

Pros

great team and managers, respond quickly to any inquiry and are responsive

Cons

no cons, team is great and company values employees

4.0
6 May 2024
Recommend
CEO approval
Business outlook

Pros

- Good team - Valuable tech

Cons

- leadership - company shut shop in SF

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