Crypto Derivatives Exchange BitMEX To Shut Down in September
Bitcoin Magazine
Crypto Derivatives Exchange BitMEX To Shut Down in September
Crypto exchange BitMEX will close down in September, according to a Thursday announcement on the company’s website.
The exchange said that after “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.”
BitMEX did not give further information on why the exchange was closing but told users to withdraw their funds “as soon as practical.”
“The BitMEX platform has always remained grounded to the true ethos of Bitcoin — neutrality, transparency, and decentralisation, which is evident through our peer-to-peer operations and a top priority focus on user fund safety,” the statement read.
“While this news is a difficult one to share, we are proud of everything that has been built at the company since its launch as a pioneer of crypto derivatives.”
BitMEX added that users will be able to access services as normal until September 23. After that date, the exchange will only hold client assets until they are withdrawn.
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