Crypto exchange BitMEX ends 11-year run with planned exchange shutdown

BitMEX has announced plans to shut down its cryptocurrency derivatives exchange after its board decided to wind down the business following a strategic review, with trading set to end on Sept. 23. Summary BitMEX will shut down its exchange on Sept. 23 after its board approved the closure following a strategic review. Users have been asked to close open positions and withdraw funds before trading ends, with new positions blocked from Aug. 26. The closure comes weeks after a leadership overhaul that followed reports the crypto derivatives exchange was exploring a potential sale. According to an official announcement published by BitMEX on Thursday, owner and operator HDR Global Trading Limited has decided to close the exchange after reviewing both the business and the state of the cryptocurrency industry. The company has already stopped accepting new account registrations and said the platform will cease exchange operations at 04:00 UTC on Sept. 23, 2026. The exchange urged customers to close open positions and withdraw their assets before the deadline, while assuring them that funds remain under their control during the transition period. Even after trading services end, users will ...