bitmex

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

🛑 BitMEX shuts down its engines today

The deadline has been met. Today, July 31, 2026, the iconic BitMEX platform officially ceases all trading operations and services due to its final closure.

It’s the end of an era for crypto derivatives. BitMEX, once the undisputed king of high leverage, is closing its doors today. A lesson in how regulatory pressure and market evolution leave no one unscathed.

Migrating funds to Binance? I’m listening. 👇

#BitMEX #CryptoRegulation #Trading $BTC

[The original sustainable contract pioneer officially shuts down! What does BitMEX’s end leave for the crypto world?]

Once the reigning champion of perpetual contracts, BitMEX waited for buyers for more than a year—yet in the end, it still closed its doors for good. Back when it was a legendary exchange that pioneered the perpetual contract track and, at its peak, saw daily trading volume exceed $10 billion, it now ends with no one taking over. It’s truly disappointing.

This incident teaches the crypto world three lessons:

1️⃣ The moat of centralized exchanges is getting thinner. With the rise of DEXes and on-chain derivative protocols, the “indispensability” of CEXs is becoming lower and lower. The technical barriers BitMEX built early on are no longer barriers today.

2️⃣ Compliance costs decide life or death. BitMEX paid a huge settlement due to regulatory issues. Later, emerging exchanges launched with a lighter setup—without the weight of that history—so they could naturally move faster and more flexibly.

3️⃣ Real value lies in the community, not the trading platform. BitMEX never truly had its own community consensus—users could come and go freely, with no loyalty. By contrast, assets driven by community build deeper, longer-lasting consensus; the more time that passes, the more conviction grows, and the truly believers end up buying more.

When the market is uncertain, it’s better to choose a community than a coin. There’s a Musk-like puppy quietly building on $ETH —its consensus has never wavered 💪

💬 Which exchange do you think will be the next to fall? Share and discuss in the comments

#BitMEX #永續合約DEX賽道之爭 #Cex #加密貨幣未來趨勢 #社區共識

⚠️ Personal opinions for discussion only—does not constitute any investment advice, for reference only

$BITMEX CEO RESIGNS AMID SALE - MANAGEMENT ALL ROCKS ✅

This kind of cleanup usually means either a deal is close or things are falling apart. Three top execs leaving at once creates serious uncertainty around BitMEX’s future, and the market hates ambiguity.

Volume on top-tier exchange order books is thinning as traders wait for clarity. If the sale fails, expect a bid-side sweep. If it goes through, sentiment could flip fast.

Are you watching this for an opportunity or staying clear until the dust settles?

Not financial advice. Always manage your risk.

#BITMEX #ExchangeNews #CryptoMarket #VolatilitySetup

🔥

BitMEX has completely replaced its entire executive team within a single day — CEO Stephan Lutz, CFO Ina Steiner, and CGO Raphael Polansky have all been fired. Peter Wilkinson, the former General Counsel and COO, has taken over. The move comes as the exchange cuts costs and seeks a buyer.

The fact that a historic exchange like BitMEX would need to refresh its management no longer comes as a surprise in the current context. Since the AML lawsuit in 2020, the co-founders have left, revenues have declined, and now comes a radical restructuring. Look at it broadly: this is a sign that the industry is still contracting. But based on my experience, internal changes like this are often a move to prepare for a new game — possibly an M&A or a strategic pivot.

For traders, this news does not directly affect price, but it reflects underlying strength. The market is removing the weak. Don’t let your emotions take over. Ongoing research and risk management remain the key. Stay disciplined.

#BitMEX #S

🧵 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

🚨 $BITX LEGACY FADES AS BITMEX SHUTTERS AFTER 11 YEARS 💥

📌 The exchange that defined crypto derivatives is powering down. BitMEX taught a generation of traders about liquidation cascades and leverage — its departure marks the close of a raw, unfiltered chapter in market history. 🦈

🔍 This isn't just a shutdown; it's a signal that the old guard is making way for new liquidity hubs. The perpetual futures contract — born here — became the backbone of every trader's toolkit. Volume may fade, but its fingerprints are on every order book today. 📊

💬 If you ever rode a BitMEX wick or learned the hard way about 100x, drop your memory below. 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #BitMEX #Crypto #Bitcoin #Derivatives #MarketHistory

🦈 📖

🚨 $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 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 will permanently close its exchange on September 23, 2026 after 11 years of operation.

New registrations have stopped. From August 26, users will only be able to reduce positions, and remaining trades may be force-closed during the wind-down.

The market angle is consolidation: one of the pioneers of perpetual swaps is exiting while crypto derivatives liquidity becomes increasingly concentrated on larger exchanges.

The key user risks are forced settlement, withdrawal delays and phishing attempts during the closure period.

$BTC

#BitMEX #CryptoExchange #CryptoDerivatives #ExchangeRisk