BitMEX has announced that it would expand its product range to include location, brokerage, custody, and information services. The ultimate target, according to CEO Alexander Höptner, is to be "the biggest, controlled crypto derivatives exchange." Despite being the leader of the famous perpetual swap, BitMEX's market share has dwindled since the last bull market. The announcement comes after the exchange implemented a user verification programme to ensure that all users on its network are properly identified.