PANews reported on February 28 that according to CoinDesk, the crypto trading platform BitMEX is seeking to sell and has hired boutique investment bank Broadhaven Capital Partners to assist in the sales process at the end of last year. BitMEX was founded in 2014 and is known for launching perpetual contract trading. Sources revealed that the exchange is looking for buyers and is expected to trigger industry M&A interest. Currently, the crypto derivatives market is actively consolidating, Kraken and Coinbase are bidding for Deribit, and FalconX has acquired Arbelos Markets to expand its derivatives business. BitMEX was accused of inadequate anti-money laundering measures in 2020 and later pleaded guilty. Co-founders Arthur Hayes, Ben Delo and Samuel Reed subsequently resigned.