BREAKING: BitMEX’s $1 Billion Sale Collapses as Buyers Walk Away

BitMEX’s proposed $1B sale has reportedly collapsed after potential buyers, including Exodus, walked away from negotiations.
Concerns reportedly included founder control, BitMEX’s collapsing market share, and lingering legal and reputational issues.
The exchange once handled roughly 57% of global crypto derivatives trading but now accounts for less than 0.01%.
BitMEX is set to shut down permanently on September 23, 2026, marking the end of the exchange that pioneered the perpetual swap.