Bitcoin · Bitcoin Magazine
Crypto exchange BitMEX will close down in September, according to a Thursday announcement on the company’s website
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
✓ KHAO Verified
The exchange said that after “a strategic review of the business and the broader crypto industry, the board of HDR Global Trading Limited, owner and operator of BitMEX, has decided to close the exchange.”
Key facts
- The company in 2021 paid $100 million in civil penalties after the U.S. Financial Crimes Enforcement Network alleged that the exchange’s senior leadership “altered U.S. customer information to hide the customer’s true location
- Then, last year, BitMEX was hit with a further $100 million fine for its guilty plea for breach of the United States Bank Secrecy Act
- BitMEX founders Hayes, Benjamin Delo, and Samuel Reed pled guilty in 2022 to violations of the Bank Secrecy Act for failing to operate an anti-money laundering program at the cryptocurrency exchange
- But following the election of crypto-friendly President Donald Trump, all three founders were pardoned in 2025
Summary
The exchange has told users to withdrawn funds as soon as they can. Crypto exchange BitMEX will close down in September, according to a Thursday announcement on the company’s website. The exchange said that after “a strategic review of the business and the broader crypto industry, the board of HDR Global Trading Limited, owner and operator of BitMEX, has decided to close the exchange.” BitMEX did not give further information on why the exchange was closing but told users to withdraw their funds “as soon as practical.” “The BitMEX platform has always remained grounded to the true ethos of Bitcoin, neutrality, transparency, and decentralisation, which is evident through our peer-to-peer operations and a top priority focus on user fund safety,” the statement read.