TechFlow news, on February 28, according to CoinDesk, BitMEX, the cryptocurrency exchange and derivatives trading platform co-founded by Arthur Hayes in 2014, is seeking a buyer. Sources familiar with the matter said that the veteran exchange, which once popularized perpetual futures among leveraged traders, last year engaged boutique investment bank Broadhaven Capital Partners to assist with the sale process.
BitMEX previously pleaded guilty in 2020 to charges of failing to implement adequate anti-money laundering measures. Following criminal charges filed in the U.S., Hayes and co-founders Ben Delo and Samuel Reed stepped down as CEOs. Both BitMEX and Broadhaven declined to comment on the acquisition plans.
Mergers and acquisitions in the crypto derivatives space have recently been active. Major exchanges Kraken and Coinbase are reportedly vying to acquire leading crypto options exchange Deribit, while FalconX earlier this year acquired Arbelos Markets to expand its derivatives business.
