BitMEX: Exchange Shuts Operations September 2026
BitMEX closes 23 September 2026 after 11 years. Perpetual swap inventor leaves 0 hacks record and pushes crypto derivatives mainstream in EU, Dubai, HK.
SourceAnalysis
BitMEX will shut down at 04:00 UTC on 23 September 2026 after a strategic review by HDR Global Trading Limited.
The platform invented the 100x leverage perpetual swap that became crypto’s dominant product and inspired later venues including Bybit. Regulators targeted the exchange yet the contract format spread to legal status across the EU, Dubai VARA and Hong Kong.
Users must close positions and withdraw funds. Assets stay under client control with no customer losses from hacks in the firm’s history. The 11-year run ends with the product it created now the core of Bitcoin and altcoin trading worldwide.
Ben Zhou
@benbybitThe official account for Bybit CEO Ben Zhou, offering a leadership perspective on cryptocurrency exchange operations and global market expansion. Content includes corporate announcements, market commentary, and insights into Bybit's product development and international strategy.
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