$BITMEX SALE COLLAPSED ā FOUNDER CONTROL JUST SANK THE $1B EXIT šØ
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 ā and potential acquirers like Exodus refused to close on a founder-controlled shell. š¦
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 ā bigger CEXs and decentralized perp venues chewed up their market share ā and the ~$1B asking price became pure fantasy. š
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. š„ Who's holding the perp crown now ā the decentralized venues? š
ā ļø Not financial advice. Always manage your risk. š”ļø
š·ļø #BITMEX #CryptoNews #Perps #Derivatives #MarketStructure
š» š
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 ā and potential acquirers like Exodus refused to close on a founder-controlled shell. š¦
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 ā bigger CEXs and decentralized perp venues chewed up their market share ā and the ~$1B asking price became pure fantasy. š
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. š„ Who's holding the perp crown now ā the decentralized venues? š
ā ļø Not financial advice. Always manage your risk. š”ļø
š·ļø #BITMEX #CryptoNews #Perps #Derivatives #MarketStructure
š» š