BitMEX, a major player in the crypto derivatives market, has announced that it will be shutting down its operations. This decision, made by owner HDR Global Trading Limited, will see the crypto exchange cease to exist as of September 23, 2026.
According to the announcement, the shutdown marks the end of an era for BitMEX, which has been a significant figure in the crypto derivatives space for 11 years. This is based on reporting from CoinTelegraph.
The closure of BitMEX is a notable development in the crypto industry, highlighting the evolving landscape of cryptocurrency exchanges and derivatives trading.