BitMEX’s fall from grace — and what the exchange's next moves may be

Quick Take

  • Arthur Hayes is out as CEO of BitMEX  
  • The move follows aggressive legal moves by the U.S. government last week
  • But the exchange, which used to be the only game in town for bitcoin derivatives, has been struggling for a while now
BitMEX used to be the only place for trading bitcoin derivatives. Now the exchange is a shell of what it once was.

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