BitMEX Exchange Announces Shut Down, Ending 11-Year Run
Crypto exchange BitMEX will shut down on September 23, 2026, at 04:00 UTC. The team announced the closure on Thursday, saying the decision was made after a strategic review of the business and the market.
The Seychelles-based firm immediately halted all new account registrations. It told users to close positions and withdraw funds well before the deadline.
What the BitMEX Shutdown Means for Users
BitMEX set a phased wind-down before the final date. From August 26, 04:00 UTC, it will block new positions and allow only reductions.
The exchange will then force-close any open trades. Any positions left open at closure will be automatically closed.
“All users are on notice that BitMEX may force close positions as described above at its sole discretion, and takes no responsibility for any trading losses that result from users’ inability to close their positions between now and the Closure Time,” the blog read.
Unwithdrawn balances also carry a cost. Users who have completed Know Your Customer (KYC) verification but do not withdraw their assets before the platform’s closure deadline will be subject to a fee. The monthly fee will be based on whichever is higher: $50 equivalent or 1% per year of the remaining account balance.
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