Crypto▼ Bearish
BitMEX to Shut Down Sept. 23 After 12 Years of Crypto Derivatives Trading
BitMEX will close September 23 after a strategic review. Trading restrictions begin August 26. Custody fees of $50 or 1% annually apply to unclaimed assets.
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The BitMEX cryptocurrency exchange will shut down permanently on September 23, 2026, after a review by its parent company, HDR Global Trading Limited. New account creation stopped immediately. The platform told customers to liquidate positions and withdraw assets before the deadline.
Trading restrictions take effect on August 26. From that date, only position reductions are allowed. Any contracts still open on September 23 will be liquidated automatically. The company can settle low-liquidity instruments early if needed. After closure, users can only view balances, transaction history, and withdraw funds.
Customers who do not withdraw by the deadline face custody fees. The fee is the higher of $50 or 1% per annum, charged monthly. BitMEX said all staked BMEX tokens have been unstaked, giving holders immediate access to transfer.
BitMEX was founded in 2014 and pioneered the 100x leverage perpetual contract that became an industry standard. The exchange never lost customer funds to a security breach, a record it maintained through its 12-year run.