3 months ago
BitMEX, the cryptocurrency speech and derivatives trading level co-founded successful 2014 by Arthur Hayes, is looking for a buyer, according to 2 radical with cognition of the plans.
The storied exchange, which arguably made perpetual futures the astir fashionable merchandise among leverage-hungry crypto traders, appointed boutique concern slope Broadhaven Capital Partners precocious past twelvemonth to assistance with the income process, the radical said.
There has been some M&A involvement around the crypto derivatives abstraction of late. For instance, large exchanges Kraken and Coinbase are said to beryllium vying for ownership of the starring crypto options speech Deribit. Meanwhile, FalconX besides bought Arbelos Markets earlier this twelvemonth to grow its derivatives business.
Back successful 2020, BitMEX was alleged to person failed to instrumentality capable anti-money laundering measures successful place, and aboriginal pled guilty to the charges. Hayes resigned arsenic CEO soon aft the U.S. brought transgression charges, alongside co-founders Ben Delo and Samuel Reed.
A BitMEX spokesperson and Broadhaven declined to remark connected the acquisition plans. Read more: What Are Crypto Derivatives? A Beginner's Guide
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