BitMEX parent company unveils open-source development grant program

Crypto derivatives exchange BitMEX's parent company has unveiled a new developer grant program aimed at building on its previous efforts to provide financial support to those working on open-source projects.

As previously reported, HDR Global Trading Limited awarded a $100,000 grant to Bitcoin Core developer Michael Ford in late March, which built on a previous grant. 

In an announcement post, HDR detailed the contours of its Open Source Developer Grant program, explaining:

"Under this program, we hope to add to those grants we have previously made to relevant developers by providing annual Open Source Developer Grants to developers working on Bitcoin, NodeJS, Java or Kubernetes. In addition we may provide certain smaller grants, from time to time, related to the production of related educational materials, technical workshops or the transcribing or translation of relevant technical content."

According to the post, HDR has granted $650,000 to date, including $150,000 to Ford and $500,000 to MIT's Digital Currency Initiative. The company said that it is accepting applications between May 1 and June 30, with offers "expected to be made from July to September."