Catenaa, Monday, March 10, 2025 – BitMEX, the cryptocurrency exchange known for pioneering perpetual futures, is seeking a buyer, according to sources familiar with the matter.
The platform, co-founded in 2014 by Arthur Hayes, enlisted the services of boutique investment bank Broadhaven Capital Partners late last year to assist in the sales process.
Recent interest in mergers and acquisitions (M&A) within the crypto derivatives space has been significant.
Major exchanges such as Kraken and Coinbase are reportedly vying for the ownership of the crypto options exchange Deribit, while FalconX acquired Arbelos Markets earlier this year to expand its derivatives business.
BitMEX has faced legal challenges, notably in 2020 when it was alleged to have failed to implement proper anti-money laundering measures.
The platform later pled guilty to the charges, leading to the resignation of Hayes and fellow co-founders Ben Delo and Samuel Reed after U.S. authorities brought criminal charges.
Despite the ongoing search for a buyer, both BitMEX and Broadhaven declined to comment on the plans. The sale signals potential shifts within the crypto derivatives market as major players look to consolidate and expand their reach.
