More than 60 crypto businesses have closed in 2026, revealing an industry reshaped by consolidation, evolving business models and stricter regulatory demands.
Crypto’s rapid pace of innovation has spawned thousands of businesses over the past decade, many experimenting with ideas that ultimately proved commercially unviable. Bull markets allowed many of them to survive through abundant venture funding and speculative demand. Bear markets separated the experiments from the sustainable businesses.
The current cycle is no exception. Since the beginning of 2026, more than 60 crypto companies and projects have announced closures, including exchanges such as BitMEX, mining companies like…
