Crypto▼ Bearish
BitMEX to Close Sept. 23, Charge $50/Month on Stuck Funds
BitMEX to close Sept. 23, 2026. Forced liquidation starts Aug. 26; unwithdrawn funds incur $50/month fees. Users urged to act before deadlines.
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BitMEX operator HDR Global Trading Limited will shut the exchange permanently on Sept. 23, 2026. The company announced the closure Thursday, July 23, after a strategic review. New account registrations stopped immediately.
BitMEX invented the 100x leverage perpetual swap in 2014, a product that reshaped crypto derivatives and was later copied by most major exchanges. “When BitMEX started in 2014, our mission was simple: provide access to professional-grade crypto derivatives for everyone,” the company said in a statement.
The shutdown follows a phased timeline. Starting Aug. 26, risk controls will lock accounts to position reductions only, preventing new trades. Forced liquidations of open positions will begin the same day. On Sept. 23, all remaining positions will be closed automatically.
After the closure date, account holders get read-only access to historical data and withdrawals. Any funds still on the exchange after Sept. 23 will incur a monthly maintenance fee of $50 or 1% of the balance, whichever is larger. The fee applies to every account with unwithdrawn assets.