- BitMEX will permanently shut down its trading platform on Sept. 23, 2026, after 11 years.
- Trading restrictions will begin on Aug. 26, with users unable to open new positions.
- Users can withdraw assets after closure, but unclaimed funds may face custody fees.
BitMEX, the crypto industry’s earliest derivatives exchange, will permanently shut down its trading platform on Sept. 23, 2026.
The closure ends more than 11 years of operations following a strategic business review. The exchange said its owner, HDR Global Trading Limited, made the decision after reviewing the business. BitMEX urged users to close all open positions and withdraw their funds as soon as possible.
The company also emphasized that customer assets remain fully backed and secure throughout the wind-down process.
BitMEX Ends More Than 11 Years in Crypto
In its announcement, BitMEX highlighted its role as a pioneer in crypto derivatives. The exchange pointed to the launch of its 100x leverage perpetual swap, a product that later became one of the industry’s most widely traded crypto derivatives.
BitMEX also highlighted its security record, saying it has never lost customer funds to hacks during its entire operating history.
The exchange thanked users for their support over the past decade. It added that it remained committed to Bitcoin’s principles of neutrality, transparency, and decentralization throughout its operations.
Trading Restrictions Begin in August
Although BitMEX will continue operating until the shutdown date, the exchange will begin a phased wind-down process.
Starting Aug. 26, 2026, users will no longer be able to open new positions. They will only be able to reduce existing positions.
During the final weeks, BitMEX said it may gradually close remaining positions to help ensure an orderly shutdown.
Any positions still open at the official closure time on Sept. 23 will be automatically liquidated. The exchange warned that it will not be responsible for losses caused by users failing to close positions before the deadline.
Withdrawals Will Continue After Trading Ends
After trading services stop, users will still be able to access their accounts. They will be able to view wallet balances, check transaction history, and withdraw remaining assets.
BitMEX also confirmed that all previously staked BMEX tokens have already been unstaked and returned to user accounts.
However, verified users who do not withdraw their assets by the closure date will be charged a custody fee. The fee will be the greater of $50 or 1% annually on remaining balances, billed monthly.
The company added that these fees may increase over time, with advance notice provided to users.
BitMEX Warns Users About Phishing Scams
BitMEX warned users to stay alert for phishing attempts and fraudulent services claiming to offer priority withdrawals.
The exchange stressed that no expedited withdrawal process exists. BitMEX also noted that additional security checks and blockchain network congestion could slow withdrawal processing times. However, it assured customers that all assets remain fully backed.
The exchange pointed to its proof of reserves and liabilities and reiterated that user funds will remain safe throughout the closure process.
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