BitMEX Announces Closure
The renowned cryptocurrency derivatives exchange, BitMEX, is set to terminate its operations on September 23, 2026, at 04:00 UTC. The decision comes after a thorough assessment of the company and the broader cryptocurrency market, as stated by HDR Global Trading, the operator of BitMEX.
In a heartfelt announcement, BitMEX has ceased new account registrations and urged current users to withdraw their funds and close any open positions before the shutdown. Trading will continue normally until August 26, 2026, after which users will only be able to reduce their existing positions. The platform plans to automatically close open positions as the closure date approaches, with any remaining positions being liquidated at the time of shutdown.
“It is with a heavy heart that we announce the closure of the BitMEX exchange,” the company stated.
Users will have two months to withdraw their funds, but those who leave balances on the platform post-closure will face monthly fees. Founded in 2014 by Arthur Hayes, Benjamin Delo, and Samuel Reed, BitMEX was a pioneer in the crypto trading space, introducing the perpetual swap and reaching trading volumes of $61.7 trillion in 2025.
