BitMEX exchange will shut down on September 23, 2026, at 04:00 UTC. The team announced the closure on Thursday and said the decision was made after a strategic review of the business.
The Seychelles-based firm immediately halted all new account registrations. It told users to close positions and withdraw funds well before the deadline.
What the Shutdown Means for Users
BitMEX set a phased wind-down before the final date. From August 26, it will block new positions and allow only reductions.
The exchange will then force close open trades to settle the market in order. Any positions left open at closure get closed automatically.
Unwithdrawn balances also carry a cost. Users who completed Know Your Customer (KYC) checks face a monthly fee of 50 USD or 1% per year, whichever is higher.
BitMEX unstaked all BMEX Token (BMEX) holdings and returned them to accounts. It also warned traders about scams tied to the news.
The post BitMEX Exchange Announces Shutdown, Ending 11-Year Run appeared first on BeInCrypto.
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