According to reports, BitMEX, a digital currency derivatives marketplace, is seeking a buyer. Tron May Follow Bitcoin’s Halving Path by Decreasing Block Rewards
Rumor has it that BitMEX has enlisted Broadhaven Capital Partners to facilitate the transaction. Broadhaven Capital Partners is a monetary institution specializing in tactical and economic solutions.
Those familiar with the situation claim BitMEX desires Broadhaven Capital to locate prospective purchasers. CoinDesk, a digital currency news source, reported this information on Thursday, February 27th.
Evidently, BitMEX engaged Broadhaven Capital Partners in the latter part of 2024, as per two well-informed individuals.
BitMEX, established in 2014, is in search of a fresh proprietor at a period when other sector firms are endeavoring to seize a greater portion of the market. Significant actions such as Coinbase and Kraken vying to procure Deribit, a derivatives platform, exemplify this trend.
Deribit is a substantial participant in Bitcoin (BTC) and Ethereum (ETH) options trading. The Dubai-based entity recently revealed intentions to broaden its offerings to Hong Kong.
Simultaneously, FalconX, a prominent brokerage enterprise, procured Arbelos Markets, a trading firm, to secure a presence in the derivatives arena. This arrangement, finalized by FalconX earlier in the year, constitutes a component of their strategy to flourish in the derivatives domain.
The revelation of BitMEX’s pursuit of a purchaser emerges merely a month following a U.S. magistrate mandating the exchange to remit a $100 million penalty for contravening anti-money laundering statutes. The exchange and its originators confessed to these accusations in 2022 and have previously disbursed an additional $110 million in penalties. They entered another guilty plea in July 2024.
These accusations originate from a 2020 indictment that resulted in Arthur Hayes’ resignation as BitMEXs CEO.
The U.S. Justice Department has started a legal prosecution of Hayes and his fellow originators at BitMEX, Ben Delo and Samuel Reed. Officials assert that the derivatives marketplace valued earnings above obedience to anti-money laundering rules. Will Ripple Achieve a Fresh Summit? SEC Court Case Concludes, IntelMarkets Could Stir the Arena
