BitMEX Spent Two Years Seeking Buyer Before Shutdown: Report

BitMEX spent two years seeking buyer before shutdown: Report

BitMEX reportedly spent two years seeking a buyer before deciding to close the crypto derivatives exchange, as founder control, declining activity and legal baggage deterred potential acquirers. BitMEX held sale talks for two years BitMEX explored a sale with several…

BitMEX Shutdown: Why Its $1B Sale Talks Collapsed

Why Did BitMEX Fail To Find A Buyer? BitMEX spent roughly two years exploring a sale before deciding to wind down operations, but prospective buyers were deterred by its ownership structure, shrinking trading business and lingering reputational problems. The Seychelles-based crypto derivatives exchange worked with investment bank Broadhaven during the sale process and held discussions with several potential acquirers, including competing exchang…