🥲 THE EXCHANGE THAT TAUGHT CRYPTO TO A 100X TRADER... SAYS GOODBYE.
Crypto veterans:
🥹 « Do you remember BitMEX? »
New traders:
🤔 « What is BitMEX? »
😂😂😂
Before Binance Futures...
Before Bybit...
Before perpetual contracts became part of everyday crypto life...
There was BitMEX.
For many traders...
It was where they placed their first leveraged trade.
Their first liquidation.
And probably...
their first account blowing up. 🤣
After 11 years, BitMEX announced it would officially close on September 23, 2026.
But here’s a point that many headlines miss...
This isn’t another FTX-style story.
No sudden collapse.
No bankruptcy announcement.
No panic about client funds.
Instead, it’s an orderly shutdown.
📅 Key dates:
• 🚫 New user sign-ups are already over.
• 📉 August 26: no new positions can be opened — only reduce or close those that already exist.
• 🔒 September 23: BitMEX officially closes, and any remaining positions will be closed by the system.
BitMEX also states that client assets remain fully collateralized and encourages users to withdraw early to avoid last-minute congestion and custody fees.
🧠 Square Insight
Markets usually remember the winners...
But sectors are built by pioneers.
BitMEX may not be the biggest platform today.
Yet it helped introduce perpetual futures to millions of traders and changed crypto trading forever.
Sometimes, companies that write history...
don’t necessarily end up writing the final chapter.
👇 Have you ever gone to trade on BitMEX?
Or did your crypto adventure start with Binance, Bybit, or somewhere else?
#CryptoHistory [ ](https://www.binance.com/square/hashtag/CryptoHistory)
#cryptotrading $BTC