Two Years, No Deal: The Inside Story of How BitMEX Failed to Sell

BitMEX is shutting down on Sept. 23, 2026, after a two-year attempt to sell the exchange failed. Potential buyers including Exodus walked away over founder ownership concerns and shrinking market share. Co-founders Arthur Hayes, Ben Delo, and Samuel Reed still held majority equity despite stepping back in 2020. The exchange had sought a valuation.