BREAKING đš
BitMEX, the pioneering perpetualâcontracts exchange, has officially shut its doors after 11 years of trading đȘ.
The platform, coâfounded by Arthur Hayes, halted all new trades and deposits on Friday, citing a strategic windâdown. Existing users can still log in to their accounts and initiate withdrawals while the closure proceeds. BitMEXâs exit removes a major source of liquidity for perpetual contracts, potentially tightening market depth across major crypto pairs. Regulators have previously scrutinized the exchange, and its departure may shift volume to rivals such as Binance and Bybit. Analysts warn the sudden pullback could spur shortâterm price volatility đ.
Stakeholders are advised to monitor withdrawal timelines and adjust exposure accordingly đ.
$MET, $ALLO, $TAKE
BitMEX, the pioneering perpetualâcontracts exchange, has officially shut its doors after 11 years of trading đȘ.
The platform, coâfounded by Arthur Hayes, halted all new trades and deposits on Friday, citing a strategic windâdown. Existing users can still log in to their accounts and initiate withdrawals while the closure proceeds. BitMEXâs exit removes a major source of liquidity for perpetual contracts, potentially tightening market depth across major crypto pairs. Regulators have previously scrutinized the exchange, and its departure may shift volume to rivals such as Binance and Bybit. Analysts warn the sudden pullback could spur shortâterm price volatility đ.
Stakeholders are advised to monitor withdrawal timelines and adjust exposure accordingly đ.
$MET, $ALLO, $TAKE
