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The cryptocurrency exchange BitMEX is looking for a buyer, reports CoinDesk.
The firm employed the independent investment bank Broadhaven Capital Partners to facilitate the sale.
BitMEX’s search for a buyer comes after a federal judge fined the firm $100 million for violating the Bank Secrecy Act last month.
The cryptocurrency exchange and derivatives exchange BitMEX is looking for a buyer and employed the independent investment bank Broadhaven Capital Partners to facilitate the sale, according to CoinDesk citing people familiar with the matter.
BitMEX's search for a buyer comes after a federal judge fined the exchange $100 million for violating the Bank Secrecy Act, a law mandating firms report suspicious financial activity to prevent money laundering, last month. BitMEX had previously pled guilty to violating the law in July 2024.
BitMEX isn't the only firm reportedly searching for a buyer in 2025. The crypto derivatives exchange Deribit attracted buyers for a potential acquisition, which had one point included the digital asset exchange Kraken, though Deribit had yet to officially enter a sale as of Jan. 14, The Block previously reported.
The firm was co-founded in 2014 by Arthur Hayes. Since November, monthly futures volumes have ranged between $25 billion and $30 billion. As recently as 2021, monthly futures volumes were regularly above $100 billion.
