Bitmex, the cryptocurrency exchange trading platform and derivatives co-founded in 2014 by Arthur Hayes, is looking for a buyer, according to two people knowing the plans.
The light exchange, which undoubtedly made perpetual term contracts the most popular product among crypto merchants eager for leverage, appointed the investment bank of Broadhaven Capital Partners boutique at the end of last year to help the sales process, said the people.
There have been interests of mergers and acquisitions in the space of cryptographic derivatives in recent times. For example, major Kraken and Coinbase exchanges would be in the running for the property of the principal discussion of crypto options. Meanwhile, Falconx also bought Arbelos markets earlier this year to extend its derived activities.
In 2020, Bitmex would have failed to put in place adequate anti-flowage in place, then pleaded guilty to the accusations. Hayes resigned from his CEO position shortly after the United States brought criminal charges, alongside co-founders Ben Delo and Samuel Reed.
Bitmex and Broadhaven refused to comment on the acquisition plans.
Read more: What are cryptographic derivatives? A guide for beginners
