BitMEX sale collapsed as buyers balked at founder ownership and shrinking business

Potential buyers, including Exodus, passed on BitMEX amid concerns over founder ownership and its shrinking business, according to a source familiar.

Reputational baggage, fading growth and founder control combined to drive potential acquirers away, according to a source familiar with the discussions.
The crypto exchange failed to secure a buyer before deciding to wind down operations last month.
BitMEX's declining business made it difficult to justify a growth valuation, the person said.

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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

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