$BITMEX SALE COLLAPSED â FOUNDER CONTROL JUST SANK THE $1B EXIT đš
Two years of deal-hunting, zero buyers. BitMEX's sale collapsed because the co-founders who stepped back from the 2020 criminal charges still held the keys â and potential acquirers like Exodus refused to close on a founder-controlled shell. đŠ
There's nothing buyers hate more than fat ownership stakes with no post-deal incentives. Stack that on a shrinking slice of the derivatives pie â bigger CEXs and decentralized perp venues chewed up their market share â and the ~$1B asking price became pure fantasy. đ
The pioneer of perpetual futures gets buried by the market it invented. With a class-action lawsuit swirling and shutdown set for Sept 23, this is the cleanest example of legacy structures losing to speed. đ„ Who's holding the perp crown now â the decentralized venues? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #BITMEX #CryptoNews #Perps #Derivatives #MarketStructure
đ» đ
Two years of deal-hunting, zero buyers. BitMEX's sale collapsed because the co-founders who stepped back from the 2020 criminal charges still held the keys â and potential acquirers like Exodus refused to close on a founder-controlled shell. đŠ
There's nothing buyers hate more than fat ownership stakes with no post-deal incentives. Stack that on a shrinking slice of the derivatives pie â bigger CEXs and decentralized perp venues chewed up their market share â and the ~$1B asking price became pure fantasy. đ
The pioneer of perpetual futures gets buried by the market it invented. With a class-action lawsuit swirling and shutdown set for Sept 23, this is the cleanest example of legacy structures losing to speed. đ„ Who's holding the perp crown now â the decentralized venues? đ
â ïž Not financial advice. Always manage your risk. đĄïž
đ·ïž #BITMEX #CryptoNews #Perps #Derivatives #MarketStructure
đ» đ