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.

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