BitMEX Seeks New Ownership Amid Industry Consolidation
Reports indicate that the crypto derivatives platform BitMEX is up for sale. Sources close to the matter reveal that BitMEX has engaged Broadhaven Capital Partners to find a buyer. Broadhaven Capital is an investment banking firm that specializes in strategic and financial services.
According to CoinDesk, BitMEX enlisted Broadhaven Capital Partners in late 2024. This move comes as the platform, founded in 2014, looks to transition ownership. The news of bitmex’s sale plans follows a U.S. judge’s order for the exchange to pay a $100 million fine for anti-money laundering violations.
BitMEX’s search for a new owner is part of a broader trend of consolidation in the crypto space. Rivals like Coinbase and kraken are vying for control of Deribit, the world’s leading platform for Bitcoin and Ethereum options. Deribit, based in Dubai, plans to expand its services to Hong Kong.
Other notable deals include FalconX’s acquisition of Arbelos Markets. This move aims to strengthen FalconX’s position in the derivatives market.The crypto industry is witnessing significant mergers and acquisitions as firms seek to gain a competitive edge.
BitMEX’s legal troubles began in 2020 when the U.S. Department of Justice filed charges against its founders for ignoring anti-money laundering laws. The platform and its founders have since paid significant fines and pleaded guilty to the charges.