UPDATED: February 27, 2025, 4:06PM EST
The cryptocurrency exchange and derivatives exchange BitMEX is seeking a buyer and has engaged the services of independent investment bank Broadhaven Capital Partners to facilitate the sale, as reported by CoinDesk citing sources familiar with the matter.
BitMEX’s search for a buyer comes in the wake of a $100 million fine imposed by a federal judge for violating the Bank Secrecy Act, a law that requires firms to report suspicious financial activity to combat money laundering. BitMEX had previously admitted guilt in July 2024 for violating the same law, according to The Block.
BitMEX is not the only firm in search of a buyer in 2025. Deribit, a crypto derivatives exchange, has also attracted potential buyers, including digital asset exchange Kraken, although no official sale has been announced as of January 14, as previously reported by The Block.
BitMEX was co-founded in 2014 by Arthur Hayes. Monthly futures volumes have ranged between $25 billion and $30 billion since November. In 2021, monthly futures volumes regularly exceeded $100 billion.
The Block reached out to BitMEX and Broadhaven Capital Partners for comment.
Disclaimer: The Block is an independent media outlet that provides news, research, and data. As of November 2023, Foresight Ventures is a majority investor in The Block, which also invests in other companies in the crypto space. Foresight Ventures is supported by anchor LP Bitget. The Block operates independently to deliver objective, impactful, and timely information about the crypto industry. For current financial disclosures, please visit our website.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only and should not be considered legal, tax, investment, financial, or other advice.
WHO WE ARE
The Block is a news provider that aims to be the leading source of digital assets news, research, and data.
