BitMEX goes carbon-neutral and pledges to go the extra mile
Cryptocurrency exchange BitMEX has become one of the first exchanges in the sector to announce their carbon-neutral status, as well as vowing to offset emissions of all Bitcoin transactions to and from the platform.
In a candid statement, the company expressed its intention to go further than merely balancing its emission output, citing a recent purchase of 7,110 tonnes of CO2 credits, approximately valued at $100,000, in partnership with AI carbon data tracking firm Pachama.
Carbon credits are certifications of approval granted by official legislative bodies to permit corporations to use one tonne of carbon dioxide in an approach that fosters accountability and traceability of data.
Reportedly, this will ensure the platform sustains operation
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