BitMEX to Shut Down After 11 Years in Crypto Derivatives

BitMEX will shut down operations on Sept. 23, 2026, after owner HDR Global Trading Limited decided to close the crypto exchange following a strategic review.

The company told users Thursday to close positions and withdraw funds during the transition period. "We want to reassure you that your assets remain fully safe and under your control during this transition period," BitMEX said in a statement.

BitMEX helped popularize perpetual swap contracts, a type of crypto derivatives product that allows traders to speculate on asset prices without expiration dates. The exchange has maintained a record of no customer funds lost to hacks during its 11 years of operation.