BitMEX, once a major name in crypto trading, is now on the lookout for a buyer. The exchange has reportedly brought in Broadhaven Capital Partners to help with the sale.
BitMEX History: Beginnings
Back in 2014, Arthur Hayes and his team launched BitMEX, making it a go-to platform for high-leverage crypto trading.
Legal Troubles and Consequences
BitMEX ruled the crypto trading world for years, but in 2020, trouble hit. U.S. regulators said the company ignored anti-money laundering rules, and its founders, Arthur Hayes, Benjamin Delo, and Samuel Reed, were charged. They admitted to it, paid over $200 million in fines, and Hayes had to step down.
Future Plans: Who Could be the New Owner?
Now, BitMEX is looking for a new owner, and it’s happening at a time when big players like Kraken and Coinbase are eyeing Deribit. FalconX has also been expanding, recently acquiring Arbelos Markets. The crypto market isn’t looking too great right now. Bitcoin slipped under $80,000 after Trump’s new tariff announcement, making BitMEX’s timing for a sale possibly unfavorable.
BitMEX and Broadhaven haven’t commented on the potential sale, leaving everyone guessing about the future of the exchange that once ruled the market.
