BitMEX Buys $100,000 of Carbon Credits in Bid to Become Carbon Neutral

BitMEX Buys 0,000 of Carbon Credits in Bid to Become Carbon Neutral
BitMEX bought $100,000 worth of carbon credits, representing 7,110 metric tons of carbon dioxide emissions, enough to offset its bitcoin carbon footprint for the next year, the crypto exchange said in a blog post.The credits will match the environmental footprint from both its bitcoin transactions and the servers powering the exchange, making it the first crypto exchange to become fully carbon neutral, BitMEX said in the post.BitMEX published the reasoning behind the conclusion in a separate post. The best way to approach carbon emissions for crypto exchanges is to figure out “how much electricity usage is incentivised per US dollar…