BitMEX, the cryptocurrency change and derivatives buying and selling platform co-founded in 2014 by Arthur Hayes, is in search of a purchaser, in keeping with two individuals with information of the plans.
The storied change, which arguably made perpetual futures the most well-liked product amongst leverage-hungry crypto merchants, appointed boutique funding financial institution Broadhaven Capital Companions late final yr to help with the gross sales course of, the individuals stated.
There was some M&A curiosity across the crypto derivatives house of late. As an illustration, main exchanges Kraken and Coinbase are stated to be vying for possession of the main crypto choices change Deribit. In the meantime, FalconX additionally purchased Arbelos Markets earlier this yr to broaden its derivatives enterprise.
Again in 2020, BitMEX was alleged to have did not implement satisfactory anti-money laundering measures in place, and later pled responsible to the fees. Hayes resigned as CEO shortly after the U.S. introduced felony prices, alongside co-founders Ben Delo and Samuel Reed.
BitMEX and Broadhaven declined to touch upon the acquisition plans.
Learn extra: What Are Crypto Derivatives? A Newbie’s Information
