Bitmex, Cryptocurrency Exchange and Derivatives Trading Platform Co foundation in 2014 by Arthur Hayes, are looking for a buyer, according to two people with knowledge of the plans.
The stored exchange that undoubtedly made eternal futures the most popular product among gearing-hungry crypto traders, appointed Boutique Investment Bank Broadhaven Capital Partners late in the year to help with the sales process, the people said.
There has been some M&A interest around the cryptoderives too late. For example, it is said that larger exchanges Kraken and Coinbase are fighting for ownership of the leading crypto options exchanged. Meanwhile, Falconx also bought Arbelos Markets earlier this year to expand its derivative business.
Back in 2020, Bitmex was alleged to have failed to carry out adequate anti-white laundering of money laundering and later pleaded guilty to the charges. Hayes retired as CEO shortly after the United States brought criminal charges with co -founders Ben Delo and Samuel Reed.
Bitmex and Broadhaven refused to comment on the acquisition plans.
Read more: What are cryptoderivatives? A beginner’s guide
