BitMEX was unable to complete a sale before deciding in June to begin winding down operations, according to Odaily. A person familiar with the matter said reputation concerns, slowing growth and founder control pushed potential buyers out of talks. The same source said the exchange’s continuing decline made it difficult to secure a valuation based on growth expectations.
Crypto exchange BitMEX was unable to complete a sale before deciding in June to wind down operations.
A person familiar with the matter said reputation baggage, slowing growth and founder control helped drive potential acquirers out of talks.
The same source said BitMEX’s business has continued to decline, making it hard to secure a valuation based on growth expectations.
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