Crypto Exchange BitMEX to Shut Down Operations After 11 Years

One of crypto’s pioneering derivatives platforms is closing its doors after more than a decade. BitMEX, the exchange that invented perpetual futures contracts, has notified users it will end all operations by September 23rd after an 11-year run in the industry.

With immediate effect, the exchange has stopped all new account registrations. Following 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. The company noted that the decision comes with a heavy heart and was not taken lightly.

BitMEX stated that its platform has always remained grounded in the true ethos of Bitcoin – neutrality, transparency, and decentralisation – evident through its peer-to-peer operations and a top priority focus on user fund safety. While this news is a difficult one to share, the company expressed pride in everything built since its launch as a pioneer of crypto derivatives.

The shutdown signals further consolidation among crypto derivatives providers. Users are advised to take necessary steps ahead of the final closure date. No exact reasons beyond the announcement were provided in the initial notice.

Source: https://dailyhodl.com/2026/07/23/crypto-exchange-bitmex-to-shut-down-operations-after-11-years/