BitMEX announced it will officially shut down on September 23, has suspended new user registrations and initiated an orderly liquidation.

BitMEX announced it will officially shut down its trading platform at 04:00 UTC on September 23, 2026. Effective immediately, the platform has suspended all new user registrations. Following a strategic review of its business and the broader cryptocurrency industry, the board of BitMEX’s parent company HDR Global Trading Limited has decided to close the trading platform. BitMEX strongly advises all users to close their positions and withdraw funds as soon as possible. The platform will continue normal operations until the shutdown time, but starting at 04:00 UTC on August 26, 2026, it will implement risk restrictions: users will no longer be able to open new positions, only reduce existing ones. After that, BitMEX will gradually liquidate existing positions to ensure an orderly market exit; any positions not closed by the shutdown time will be forcibly liquidated immediately. The platform states it will not be liable for trading losses incurred due to users’ failure to close positions timely. Additionally, illiquid contracts will be settled in advance, with relevant users notified per standard practice. Post-shutdown, BitMEX will cease all trading services, retaining only asset custody functions. Users can still log in to view wallet balances and historical transaction records, and continue to withdraw assets. All BMEX staking has been unlocked, with related tokens returned to user accounts. For KYC-compliant users who have not withdrawn funds by the shutdown time, BitMEX will begin charging an account maintenance fee: the monthly fee will be the higher of $50 or a 1% annualized rate. If users continue to fail to withdraw funds long-term, the platform may further increase fees in the future, with advance notice provided.