End of an Era: BitMEX to Shut Down Operations After 11 Years
The crypto derivatives landscape is facing a massive shift as BitMEX announces it will cease all operations on September 23, 2026. Following a strategic review by its owner, HDR Global Trading Limited, the industry pioneer has officially decided to wind down its business.
As the exchange prepares for its exit, users are being urged to manage their risk by closing positions and withdrawing funds. While the shutdown marks a significant loss of a veteran player in the crypto derivatives market, BitMEX has issued reassurances that all user assets remain safe and under their direct control throughout the transition.
In a statement released Thursday, the exchange advised users to close all open positions and withdraw their funds during the upcoming transition period. 'We want to reassure you that your assets remain fully safe and under your control during this transition period,' BitMEX stated.
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