bitmex

BitMEX is preparing to close its exchange operations on September 23.

I don’t think the interesting part is that another crypto exchange is closing.

The interesting part is which kind of exchange is closing.

BitMEX was not built yesterday. It was one of the platforms that helped shape the way crypto derivatives were traded, especially through perpetual contracts. For years, its name was closely connected with an important part of crypto market structure.

So when a platform with that kind of history decides to step away, I think it deserves more attention than the headline itself suggests.

BitMEX says the decision came after a strategic review of its business and the broader crypto industry, rather than a liquidity or security crisis.

That tells me something.

Crypto infrastructure is becoming much harder to survive in simply by having a recognizable name or a history behind you.

The market has matured. Traders have more choices, institutions expect stronger infrastructure, and liquidity naturally gravitates toward places that can handle scale.

That is why I don’t see this closure as a major threat to Bitcoin or the wider market.

I see it as a small window into a much bigger transition.

The capital doesn’t disappear when an exchange disappears.

The traders don’t disappear.

The demand for derivatives doesn’t disappear.

They simply move.

And every time that happens, the platforms receiving that activity become a little more important, while the ones losing it become a little less relevant.

Maybe that is the part worth watching here.
Not who is leaving

But who is quietly becoming strong enough to inherit what they leave behind. $BTC
#Bitmex #Binance #BitmexSeptember23

BitMEX announced that it will officially shut down the platform on September 23 this year. As the first step in the shutdown process, the official team will begin adjusting risk limits starting August 26.

Beginning August 26, users will no longer be able to open new trading positions. Existing positions can only be reduced, which means this exchange—once a major player in the cryptocurrency derivatives market—has officially entered the countdown phase.

BitMEX was once a pioneer in crypto derivatives trading, helping to create the product format of perpetual contracts, which influenced the development of the entire industry. Along the way, it has witnessed countless bull and bear cycles in the crypto market; now, choosing to close the platform also inevitably makes people感慨 the industry’s ongoing evolution and changes.

A reminder to users who currently hold positions on BitMEX to arrange their funds and positions in advance to avoid inconvenience in subsequent operations.

#BitMEX #加密货币 #exchange

BitMEX has officially announced its shutdown schedule, and the entire process is laid out clearly.

According to the official announcement, BitMEX will officially close on September 23. Starting **August 26**, the platform will begin implementing risk limit measures in advance. At that time, users will be unable to open new positions and will only be able to reduce existing positions.

For users who still have positions on BitMEX, be sure to plan your trading pace in advance and avoid having your trading schedule affected by potential changes in later rules. Remember to handle your positions and withdraw any remaining funds before the official shutdown.

The eventual closure of a long-established contract exchange also makes people reflect on the ups and downs of the crypto industry. Remind everyone: no matter where you trade, pay attention to asset security, and try to store your assets on top-tier compliant platforms.

#BitMEX #加密交易所 #Cryptocurrency

BitMEX Official Announces It Will Officially Close the Platform on September 23 This Year, and Will Start Implementing Risk Limit Adjustments in Advance Beginning August 26.

After the adjustment, users will no longer be able to open new trading positions, and existing positions will only be allowed to be reduced. As one of the most influential derivatives trading platforms in the crypto market in the past, BitMEX’s exit also marks the end of an era.

Currently, the official has already released a closure notice, reminding users to handle their positions in advance, make appropriate arrangements for funds, and avoid any impact on subsequent operations.

#BitMEX #加密交易 #Bitcoin

BitMEX Officially Announces Closure: the platform will officially shut down on September 23, and starting **August 26**, it will begin implementing risk limit measures in advance. At that time, all users will be unable to open new positions, and will only be allowed to reduce existing positions.

As one of the most influential derivatives trading platforms in the crypto space, BitMEX’s end also marks the close of an era. In its early days, it drew countless traders in with high leverage and pioneering Bitcoin perpetual contracts, and it has witnessed the rise and fall of multiple bull and bear cycles in the crypto market.

However, against the backdrop of tighter regulation and reshuffling industry dynamics, even veteran platforms are ultimately unable to escape the fate of exiting. A reminder to users who currently still have positions on BitMEX: plan your next steps in advance to avoid unnecessary trouble later.

#加密货币 #BitMEX # Derivatives Trading

BitMEX has officially announced its shutdown schedule, and the entire industry is watching this closely.

According to the official announcement, BitMEX will officially shut down its platform services on September 23. Starting on August 26, it will begin implementing risk limit adjustments in advance—after that date, users will not be able to open new positions and can only reduce their existing holdings.

As a former leading exchange in the crypto derivatives space, BitMEX has witnessed countless bull and bear cycles in the industry and has also created many historical milestones. Reaching this point today is truly something to reflect on.

For users who still hold positions on BitMEX, be sure to plan ahead, pay attention to the relevant time points, and arrange your position reduction and withdrawal process to avoid unnecessary trouble.

#BitMEX #加密交易所 #Bitcoin

The grandfather of perpetual contracts is shutting the doors.

BitMEX official: trading business will be halted at 04:00 UTC on September 23; starting from August 26, new positions will be banned—only reducing positions will be allowed. Positions that are still open when contracts expire will be forcibly liquidated. New registrations have already been stopped.

Back in 2014, it launched and introduced the 100x leverage perpetual contract玩法 to the industry. After the shutdown, users can still log into their accounts to view balances and withdraw funds, but KYC users who miss the deadline for withdrawals will be charged a monthly fee (the equivalent of $50 or 1% annualized—whichever is higher).

Keep an eye on two dates first: the August 26 position-reduction mode, and the September 23 complete shutdown.

#BitMEX #永续合约 #交易所

$BITMEX SALE COLLAPSED — FOUNDER CONTROL JUST SANK THE $1B EXIT 🚨

Two years of deal-hunting, zero buyers. BitMEX's sale collapsed because the co-founders who stepped back from the 2020 criminal charges still held the keys — and potential acquirers like Exodus refused to close on a founder-controlled shell. 🦈

There's nothing buyers hate more than fat ownership stakes with no post-deal incentives. Stack that on a shrinking slice of the derivatives pie — bigger CEXs and decentralized perp venues chewed up their market share — and the ~$1B asking price became pure fantasy. 📉

The pioneer of perpetual futures gets buried by the market it invented. With a class-action lawsuit swirling and shutdown set for Sept 23, this is the cleanest example of legacy structures losing to speed. 💥 Who's holding the perp crown now — the decentralized venues? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BITMEX #CryptoNews #Perps #Derivatives #MarketStructure

🐻 📉

Onchain Lens Channel: BITMEX: more dollars in BTC can be transferred through cold storage

4 hours ago, #BitMEX , owned by Arthur Hayes, moved another $367.65 worth in #BTC (~$23.92 million) from his cold wallet to his mobile wallet.

The exchange has made similar transfers over the past week, and it is likely to process retail withdrawals after its closure announcement last month.

Cold wallet address: bc1qchctnvmdva5z9vrpxkkxck64v7nmzdtyxsrq64

~ #solana and #HackerAlert blend in another $4.39 million

The Solana OG exploiter sent another 2.2900 dollars #ETH to Tornado Cash nearly a month after the attack that cost $14.2 million.

The same group also used Tornado Cash two weeks ago.

Related addresses:

0xd2298d3Bdd4B079469C0574DcCCf9fa742589D15 0x501a6496785B5Aa9148D07EdD4301E5d00Df0515

~ $BTC $ETH $SOL

BitMEX sale negotiations fall through; potential buyers shy away due to founder control concerns and business decline, ultimately choosing to shut down. The added reputational baggage, combined with sluggish growth, makes the acquirer hesitate. The end of an old-guard exchange reflects an acceleration of industry consolidation.
#BitMEX #加密交易所 #industry reshuffle

BitMEX’s sale reportedly collapsed after potential buyers, including Exodus, backed away over concerns about founder ownership and a shrinking business.

The deal highlights how trust, governance, and sustainable growth remain critical for crypto exchanges in a tougher market.

#Crypto #BitMEX #Exchanges

BitMEX Sale Collapse: Founder Ownership and Shrinking Business Deter Buyers

- BitMEX sale failed as buyers like Exodus declined
- Concerns over founder's ownership stake
- Shrinking business operations reduced appeal
#BinanceSquare #CryptoNews #BitMEX

$btc $eth

#vlikevn #Titanbot

Nguồn: CoinDesk

📰 CLARITY Hopes Fade as BitMEX Shuts: Regulatory uncertainty weighs on prediction markets and exchanges
On July 27, 2026, CLARITY Act hopes are fading and BitMEX has shut down as a lawsuit looms, according to Cointelegraph's Hodler's Digest. The developments mark a challenging period for crypto regulation.
The CLARITY Act, which aimed to provide clear regulatory guidelines for digital assets, faces growing opposition. Meanwhile, BitMEX's closure represents one of the most significant exchange shutdowns.
With the CFTC also issuing warnings to prediction markets, regulatory headwinds are building across multiple sectors of the crypto industry.

📌 Key Takeaway:
Regulatory uncertainty continues to shape the crypto landscape. Clear rules remain the industry's top priority, but achieving consensus on regulation is proving increasingly difficult.

#CLARITY #BitMEX #Regulation
#BinanceAlphaAlert

🩸 Blood in the market
The token #BMEX se collapses 91% after the announcement of the end of #BitMEX

The domino effect after the announcement of BitMEX’s definitive shutdown has not taken long to arrive.
BMEX, the platform’s native utility token, has suffered a brutal collapse, losing more than 91.6% of its value within hours. Investors have rushed to liquidate their positions in the face of the total loss of utility the asset will suffer with the exchange’s lights-out scheduled for September 2026.

Why did it plunge?
The price chart shows a perfect “cliff,” with no intermediate support zones. The fundamental reason for this evaporation of value boils down to three factors:
Total Loss of Utility: BMEX was designed to provide trading fee discounts, VIP tiers, and incentives within the BitMEX ecosystem. Without an operational platform, the token lacks an economic model or use case to support it.
Panic Selling: After the exchange’s orderly liquidation was confirmed, token holders sought to save whatever fraction of capital remained, driving trading volume up more than 342% as supply overwhelmed demand.
#ArthurHayes
$SPCXB
$BTC
$HYPE

The closure of BitMEX sparks a massive lawsuit over manipulation and unfair 'Trading'

The giant collapses under the weight of its own game.

In a dramatic, thriller-worthy twist, the legendary cryptocurrency derivatives platform #BitMEX is saying goodbye to the market, facing a massive judicial scandal. Right the same day the company announced its final shutdown for September 2026, two former clients filed a class action lawsuit that exposes an alleged network of ruthless manipulation, allegedly orchestrated by management to liquidate and squeeze its own users.

The plaintiffs, BKX Services Inc. and David Namdar, accuse BitMEX and its cofounders of secretly operating an insider trading desk (insider information). According to the filing, the platform used private user data and fake accounts with generic emails to deliberately trade against its own customers.

The exchange is accused of intentionally freezing its servers during periods of high volatility to prevent users from defending their positions. The most notable case is the "lockout" on March 13, 2020, where a 25-minute blockade led to the liquidation of approximately $800 million. BitMEX blamed DDoS attacks and hardware failures.

The lawsuit alleges that BitMEX liquidated positions when losses reached only about half of the deposited margin.

The plaintiffs claim that the platform went as far as manipulating prices on third-party reference exchanges to artificially force the dreaded liquidation events within BitMEX.

They want their #BTC back, not fiat dollars: Through a legal action of "replevin," the plaintiffs are not seeking mere monetary compensation. BKX (which lost ~305.8 BTC) and Namdar (which lost ~316.9 BTC) are demanding the return of the specific property; that is, they want to recover the original crypto assets. It is estimated that there are tens of thousands of affected users since July 2018.
$BTC

#bitmextocloseexchangesep23
👋 Farewell to a legend (11 years) - BitMEX officially closes on 23/09! 😭
The patriarch of “pumps/dumps” worth trillions, the birthplace of Perpetual Contracts (Perpetual Swap) is soon going behind the scenes, guys! A legendary era—today we have to shut down the exchange after a strategic review. After all, nothing lasts forever… except our hold orders that keep us right here! 😂
What should traders do?
💥 Close your positions immediately: Since 26/08, no more new positions can be opened!
💸 Withdraw urgently: Don’t be lazy—after 23/09, if you leave the money there, “exorbitant” custody fees of 50 USD/month will be charged!
⚠️ This is not financial advice.

#BitMEX #CryptoNews #Binance
$CL
$AKE
$ON

🚨 BITMEX TO CLOSE SEPTEMBER 2026 – THE END OF AN ERA ⚠️

The exchange that pioneered 100x perpetual swaps is shutting down. 📉 BitMEX will cease operations on September 23, 2026, after a strategic review. No new accounts, no new positions from August 26 – only position reduction or closure permitted. Forced liquidations may occur during the wind-down, and any remaining positions at closure will be auto-closed. 💡

Withdrawal deadline is critical: accounts with leftover balances face a $50 or 1% annual fee. Be wary of phishing scams and possible delays from blockchain congestion. This marks a major structural shift in the derivatives landscape – an early giant stepping aside. ⏳

💬 Do you think this signals deeper institutional rotation away from legacy crypto venues, or just a natural business cycle? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BitMEX #CryptoExchange #Derivatives #CryptoNews #Closure

🏛️ 🔒

🧵 BitMEX shuts down: the exchange that invented sustainable contracts, reaching the end after 11 years

Today’s biggest news in crypto isn’t price movement—it’s the end of an era.

BitMEX announced that it will close all operations on September 23, 2026. New registrations have been paused, opening new positions will be restricted starting August 26, and all remaining contracts will be forced to be closed before September. If users don’t withdraw in time, they will be charged a monthly $50 fee or 1% annually as a custody fee.

For those not familiar with its history, BitMEX might just seem like “yet another exchange that rug-pulled.” But its status goes far beyond that.

▎What did BitMEX change?

In 2014, Arthur Hayes, Ben Delo, and Samuel Reed founded BitMEX in Seychelles. They did something that changed the entire crypto market: inventing perpetual contracts (Perpetual Swap).

What are perpetual contracts? Simply put, they’re like futures but with no expiration date. If you’re bullish, you go long; if you’re bearish, you go short—and you can use leverage to amplify both gains and risks. BitMEX supports up to 100x leverage, meaning $100 margin can control a $10,000 position. If the price moves just 1% against you, your margin is wiped out.

Why is this product so important? Because it gives traders a straightforward way to short Bitcoin. Before BitMEX, there was basically no convenient way to short BTC. Also, perpetual contracts use a funding rate mechanism (settled every 8 hours—longs pay shorts or vice versa), keeping contract prices close to spot prices.

Today, perpetual contracts are absolutely dominant in the crypto derivatives market. The core product lines of Binance, Bybit, and OKX are all built on the framework created by BitMEX.

▎How crazy was the peak?

At the 2019 bull market peak, BitMEX’s annual trading volume exceeded $1 trillion (source: CoinDesk / Moomoo industry report), accounting for about 57% of the global crypto derivatives market share. In July 2018, daily trading volume hit $8 billion, with daily turnover exceeding 1 million Bitcoins.

Back then, for every two crypto derivatives trades, one was on BitMEX. For Asian traders, BitMEX was an early-entry platform for BTC trading. Many people’s first experience with leveraged trading—and their first liquidation—happened on BitMEX.

▎Why did it decline?

Three main reasons:

1️⃣ Regulatory crackdown — In 2020, the U.S. Department of Justice indicted BitMEX for violating the Bank Secrecy Act (BSA), accusing them of failing to implement adequate anti-money-laundering measures between 2015 and 2020. All three founders resigned. In 2024, BitMEX officially pleaded guilty. This legal battle consumed a massive amount of resources and market trust.

2️⃣ Competition overtook it — Binance took market share with lower fees, deeper liquidity, and the rapid listing of more coins. Bybit focused on the Asian market. BitMEX’s advantage was gradually eaten away step by step.

3️⃣ The rise of DeFi derivatives — Decentralized exchanges like Hyperliquid and dYdX lured away a large number of professional traders. With zero KYC, transparent on-chain settlement, and self-custody, these advantages became more and more mature on DeFi derivative platforms, attracting many users who previously used CEXs.

On June 29, BitMEX first sent away the CEO, CFO, and growth head. Three weeks later, it announced the shutdown.

▎Something worth honoring

After 11 years in operation, BitMEX was never hacked, and it never lost any user funds. In an industry where things kept happening in rotation—Mt. Gox, FTX, Bitfinex—this security record deserves respect.

Its problems were all about legal compliance and business competition—not security or technology.

▎Impact on the market

In the short term, BitMEX’s closure will force a large number of positions to move to other exchanges. Binance and Bybit may absorb most of the liquidity. Keep an eye on the two key dates—August 26 and September 23—because short-term volatility could occur.

In the long term, this marks a generational change in the crypto derivatives market. The first generation of centralized derivatives exchanges has completed its historical mission. While the perpetual contracts product has been fully adopted by the market, the people who created it have been left behind by time.

That’s the dilemma of innovators: you create a product that changes the world, but in the end, you’re not the one who benefits.

BitMEX’s legacy isn’t a company—it’s a category of product. Perpetual contracts will continue to exist; they just won’t need the name BitMEX anymore.

Which exchange did you first use perpetual contracts on? Feel free to share your BitMEX story 👇

#BitMEX #Crypto #PerpetualSwap #比特幣 #cryptocurrency

🚨 $BITMEX SHUTS DOWN: THE PIONEER THAT ONCE HELD CRYPTO BY THE THROAT 📉

⚠️ Not a trade signal — a page in history turning. But every trader should feel this weight.

🦈 BitMEX was the arena where leverage met chaos. The March 12, 2020 flash crash saw Bitcoin lose 50% in a day, and BitMEX pulled the plug to prevent a death spiral to zero. That move saved the market — but also exposed the dark side of unchecked derivatives. 📉

🔍 From pioneering 100x perpetuals to being crushed by regulatory storms, its fall mirrors the industry's growing pains. By 2026, the platform that once moved billions daily will close its doors. 💡 The takeaway? Markets evolve — the ones who adapt survive, the ones who don't fade into liquidity sweeps.

💬 How do you read this — as a cautionary tale or the natural end of a wild chapter? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BitMEX #CryptoHistory #Derivatives #PerpetualContracts #TradingLessons

🐻 📉

🚨 $BITMEX SHUTTING DOWN — THE END OF A DERIVATIVES ERA 🔴

BitMEX closes on September 23, 2026. No new accounts. No new positions after August 26. Force-closure and auto-liquidation for stragglers. Withdrawals still possible, but delays expected.

📌 This isn’t just a platform sunset — it’s a liquidity vortex forming. 🦈 Old whales exiting, capital rotating to more regulated venues. 💡 The perpetual swap that pioneered 100x leverage is going dark, and with it, the last relic of crypto’s Wild West.

📊 For active traders: watch for volatility spikes around the August 26 deadline as open interest compresses. 🐻 A potential signal that market structure is shifting toward more institutional custody and fewer unregulated order books. 💬 Is BitMEX’s closure the final nail in the coffin for permissionless leverage, or just a natural evolution? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BitMEX #CryptoNews #Derivatives #ExchangeShutdown #Crypto

🦈 💡