CoinDesk·4 min read·hard
BitMEX sale collapsed as buyers balked at founder ownership and shrinking business
W
Will Canny
✦AI Summary
The sale of crypto exchange BitMEX collapsed due to buyer concerns regarding the continued ownership stake of its founders and the company's declining market share. Following the failed sale and a strategic review, the company has announced it will wind down operations.
CoinDesk reported in early 2025 that investment bank Broadhaven was advising the Seychelles-based company on a sale process.
businesscrypto
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