BitMEX to shut down after 11 years in crypto derivatives

1 day ago

BitMEX announced it volition unopen down operations connected Sept. 23, 2026, aft proprietor HDR Global Trading Limited decided to adjacent the crypto exchange.

BitMEX, 1 of the pioneers of cryptocurrency derivatives trading, announced it volition unopen down operations aft proprietor and relation HDR Global Trading Limited decided to adjacent the institution pursuing a strategical review.

The institution announced Thursday that it volition halt operations connected Sept. 23, 2026, and advised users to adjacent positions and retreat funds during the modulation period.

“We privation to reassure you that your assets stay afloat harmless and nether your power during this modulation period,” BitMEX said successful a connection to users.

BitMEX said its level helped popularize perpetual swap contracts, a benignant of crypto derivatives merchandise that allows traders to speculate connected plus prices without expiration dates. The institution besides said it has maintained a grounds of nary lawsuit funds mislaid to hacks during its 11 years of operation.

This is simply a processing communicative and volition beryllium updated arsenic much accusation becomes available.

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