BitMEX will close operations on September 23, 2026, halting new registrations and advising users to withdraw funds.
BitMEX, a prominent cryptocurrency exchange, has announced that it will cease all operations on September 23, 2026. The exchange has stopped new account registrations and is advising users to close their positions and withdraw their funds as soon as possible.
Dear BitMEX Users,
It is with great sadness that we announce the closure of BitMEX effective September 23, 2026, at 04:00:00 UTC.
This difficult decision was made by HDR Global Trading Limited after a thorough strategic review of the business and industry.
— BitMEX (@BitMEX) July 23, 2026
The company's board confirmed that its assets surpass liabilities, as detailed on their Proof of Reserves and Liabilities page.
Trading will continue until the closure date, but starting August 26, the platform will no longer allow users to open new positions, focusing solely on closing existing ones.
Following the shutdown, users will still be able to access their accounts to check balances and transaction histories, as well as withdraw funds.
All staked BMEX tokens have been unlocked and are available in users' accounts. However, the team has issued warnings about potential phishing attempts and the possibility of extra identity verification for withdrawals, which may delay processes due to network issues.
Having launched in 2014, BitMEX has played a significant role in the cryptocurrency derivatives market, offering leveraged trading up to 100x. In a notable incident, in March 2025, U.S. President Donald Trump pardoned three of the exchange's co-founders, who faced charges related to compliance with U.S. financial regulations.
