Crypto▼ Bearish
BitMEX to Close Sept 23, Customers Told to Withdraw Funds
BitMEX announced it will shut down its exchange by Sept 23, 2026. Customers must close positions and withdraw funds before restrictions begin Aug 26. The exchange held $1B+ in client assets.
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BitMEX said Monday it will shut down its cryptocurrency exchange, ending 14 years of operation. Customers were told to close positions and withdraw funds before the platform stops operating Sept. 23, 2026, at 04:00 UTC.
The exchange will continue normal operations until Aug. 26, after which it will restrict new trades and eventually halt all open positions, BitMEX said in a post on X. The firm has already unstaked all staked BMEX tokens and returned funds to existing account holders.
HDR Global Trading Limited, which operates BitMEX, said the decision followed a strategic review. It did not cite financial trouble or regulatory pressure as a reason. BitMEX held at least $1.037 billion in digital assets from clients across more than 30 countries, according to the announcement.