BitMEX Up for Sale Amid Market Dip and Competition

BitMEX, once a major name in crypto trading, is now on the lookout for a buyer. The exchange has reportedly brought in Broadhaven Capital Partners to help with the sale, sources say.

Back in 2014, Arthur Hayes and his team launched BitMEX, making it a go-to platform for high-leverage crypto trading.

BitMEX ruled the crypto trading world for years, but in 2020, trouble hit. U.S. regulators said the company ignored anti-money laundering rules and its founders— Arthur Hayes, Benjamin Delo , and Samuel Reed—were charged. They admitted to it, paid over $200 million in fines, and Hayes had to step down.

Now, BitMEX is looking for a new owner, and it’s happening at a time when big players like Kraken and Coinbase are eyeing Deribit, another key platform in crypto options trading. FalconX has also been expanding, recently acquiring Arbelos Markets.

The crypto market isn’t looking too great right now. Bitcoin slipped under $80,000 after Trump’s new tariff announcement, making investors uneasy. With prices dropping over 5% in a day, BitMEX’s timing for a sale might not work in its favor; it could lower its value and make buyers think twice. 

BitMEX and Broadhaven haven’t said a word about it yet, so for now, everyone’s left guessing what’s next for the exchange that once ruled the market.