Crypto

BitMEX on the Market: Cryptocurrency Giant Seeks New Ownership Amid Legal Challenges

BitMEX Seeks New Horizons

In a surprising turn of events, BitMEX, a leading cryptocurrency exchange and derivative trading platform, is reportedly in the process of finding a new owner. According to a recent report by Coindesk, the platform has enlisted the services of Broadhaven Capital Partners, LLC, an investment bank, to assist in this significant transition.

Legal Troubles Loom

This move comes in the wake of BitMEX's admission to violating the Bank Secrecy Act, specifically for failing to provide its users with an anti-money laundering service. These violations occurred in both 2022 and 2024, casting a shadow over the platform's operations and prompting speculation about its future.