AI · Decrypt
BitMEX to Close on September 23, Pauses New Sign-Ups
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BitMEX, one of crypto's oldest derivatives venues, is shutting down.
Key facts
- Crypto perps have since gone on to reach volumes of $61.7 trillion in 2025, per CryptoQuant, up $13.8 trillion on the previous year
- The platform will cease operations on September 23 at 04:00 UTC, its operator, HDR Global Trading, said Thursday, pinning the decision on a “strategic review of the business and the broader industry
- Today, they share with a heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC
- BitMEX pleaded guilty in 2024 to violating the Bank Secrecy Act over lax anti-money-laundering controls, and paid $100 million in penalties
Summary
Crypto derivatives exchange BitMEX said Thursday it will shut down on September 23, 2026, and has already stopped new account registrations. The company cited a strategic review of the business and the wider crypto industry as being behind the decision. BitMEX urged users to close positions and withdraw funds before the deadline. The platform will cease operations on September 23 at 04:00 UTC, its operator, HDR Global Trading, said Thursday, pinning the decision on a “strategic review of the business and the broader industry.” New account sign-ups have already been halted.