BitMEX operator HDR Global Trading Limited will permanently close the derivatives exchange on Sept. 23, 2026, ending an 11-year run. Traders must cut their positions before Aug. 26 or face forced liquidations, and any funds left after the final deadline will incur a recurring monthly fee.
BitMEX will permanently close its exchange operations on Sept. 23, 2026, its operator HDR Global Trading Limited said Thursday. The company said it reached the decision after a strategic review of the business and the evolving crypto landscape, and it has already halted all new account registrations.
The shutdown ends the run of a platform that once dominated crypto derivatives trading. BitMEX gained renown as the inventor of the 100x leverage perpetual swap, a product later adopted across the industry.
Starting Aug. 26, 2026, risk controls will restrict accounts to position reductions only and block users from opening new trades. The platform will also begin forced liquidations on open positions to gradually wind down liquidity. On Sept. 23, all remaining open positions will be closed immediately.
After the final deadline, account holders will keep read-only access to view historical data and process withdrawals. Funds left unwithdrawn after that date will face a recurring maintenance fee of $50 equivalent or 1% per annum, whichever is greater, charged monthly. BitMEX also confirmed that all staked BMEX utility tokens have been unstaked and returned to user wallets.
BitMEX urged users to watch for scams and phishing campaigns seeking to exploit the news, adding that no expedited or priority withdrawal services exist. The exchange said additional security reviews now apply to all withdrawal requests. It highlighted its safety record, noting zero customer funds were lost to security hacks across its 11-year history.
Source: Bitcoin.com News
Trading involves risk.
Risk Disclaimer
