Sources: BitMEX seeks to sell and has hired investment bank Broadhaven to assist with the transaction

ChainCatcher news, according to CoinDesk, the cryptocurrency exchange platform BitMEX is seeking to sell and has hired boutique investment bank Broadhaven Capital Partners to assist with the sales process at the end of last year. BitMEX, established in 2014, is known for launching perpetual contract trading. Sources reveal that the exchange is looking for buyers, which is expected to spark interest in mergers and acquisitions in the industry.

Currently, the crypto derivatives market is actively consolidating, with Kraken and Coinbase competing to acquire Deribit, while FalconX has acquired Arbelos Markets to expand its derivatives business. BitMEX was charged in 2020 for insufficient anti-money laundering measures and subsequently pleaded guilty. Co-founders Arthur Hayes, Ben Delo, and Samuel Reed later resigned.