BitMEX to Shut Down After Over a Decade as On-Chain Perpetuals Gain Ground

BitMEX, one of the crypto industry’s earliest and most influential derivatives exchanges, will shut down after more than a decade in operation—marking another high-profile exit as trading activity continues to migrate from centralized venues to on-chain perpetuals platforms.

In a notice posted on July 23, BitMEX said its owner and operator, HDR Global Trading Limited, has decided to close the business following a ‘strategic review’. The exchange will terminate trading services on Sept. 23, 2026, at 04:00 UTC, and urged users to close positions and withdraw funds ahead of the deadline. BitMEX…  Read more

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