Crypto exchange giant BitMEX is exploring the options of a complete takeover. Co-founded by Arthur Hayes, Benjamin Delo, and Samuel Reed in 2014, the exchange has reportedly tapped Broadhaven Capital Partners, an investment banking firm, to help in the potential takeover process. BitMEX has had some run-ins with regulators in the United States. However, there are no indications of financial distress.
The BitMEX Selloff Pursuit
According to a Bloomberg report citing two people familiar with the process, Broadhaven started advising the company on the sale as early as Q4 2024. While the news is not official from BitMEX, it aligns with the ongoing trend in the broader cryptocurrency ecosystem.
As reported earlier by CoinGape, Options trading platform Deribit is attracting takeover interests in the market. Coinbase and Kraken are reportedly among the top rivals looking to takeover the firm.
This is a developing story, please check back for updates!!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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