BitMEX Closes After 11 Years as Final Shutdown Deadline Arrives

Alex Royce in crypto, @alex_royce_btc

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BitMEX Closes After 11 Years as Final Shutdown Deadline Arrives BitMEX has removed all remaining trading services — including spot, conversion, and derivatives markets — ahead of its September 23 shutdown, marking the end of over 11 years of exchange operations. HDR Global Trading Limited, the company's owner and operator, approved the closure following what BitMEX described as a "strategic" review. The platform was once among the most prominent crypto derivatives exchanges globally, known for popularising perpetual swap contracts. Users are expected to withdraw remaining funds before the deadline. The shutdown concludes a years-long decline for the exchange, which faced significant legal and regulatory challenges, including a 2020 U.S. indictment of its founders on Bank Secrecy Act violations. Source Trade on Binance

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