According to what Bitmex is looking for a Crypto derivative platform for the buyer, indicating a possible behavior in the digital asset trading industry.
The Stock Exchange, which was a dominant player in the TV derivative market, has recruited the Broadhaven Capital Partners, a bank investment company, to facilitate the sale, According to the Coindsk report.
Development comes at a time when Bitmex is wrestling with legal problems, including a large fine of $ 100 million on anti -money laundering violations.
Broadhaven Capital Partners specializes in Merge and Motivation Consulting (M & A) and has worked with many financial institutions to secure strategic deals.
The search for Jupiter confirms the competitive scene of the encryption derivative market, as the leading platforms look forward to unifying their sites.
Bitmex, founded in 2014, was a pioneer in Bitcoin Futures, but she faced increasing competition from my competitors such as Deribit, Binance and Bybit.
The reported sale efforts are in Bitmex amid a wave of integration and acquisitions in the encryption industry.
It is worth noting that Deribit, the exchange of Bitcoin and Ethereum options in the world, was at the center of a bidding war between Coinbase and Kaken, where both companies seek to expand derivative offers.
Meanwhile, Falconx, a major brokerage company, It was recently obtainedTrading company specializing in encryption derivatives.
The deal is part of the Falconx expansion strategy to enhance its presence in the derivative sector, which is an increased interest in institutional investors.
Bitmex’s attempt to find a buyer is just over a month after a US court has ordered an exchange to pay a fine of $ 100 million to violate the anti -money laundering laws.
This is followed by guilty declarations in 2022 from Bitmex and its founders, who have already paid $ 110 million of sanctions.
Legal problems stem from the 2020 indictment that led to Arthur Hayes as an executive president.
It was the US Department of Justice I accused BitMex leadership-Including the participating founders Ben Dello and Somaile Reed-It is a failure to implement appropriate compliance measures, allowing illegal transactions to flow via the stock exchange.
While Bitmex explores a sale, the result can reconfigure the competitive scene for the coding derivatives industry.
Whether the main player acquires the platform or struggles to find a buyer still must be seen.
By tightening organizational scrutiny, Bitmex’s fate is likely to affect how to move the other encryption to compliance and M&A strategies to move forward.
The BitMex post -encryption platform is said to seek the buyer amid market transformations first appeared on Invezz
