BitMEX shuts down: perpetuals pioneer officially closes it doors after 11 years
š Executive Brief:
BitMEX, the perpetuals pioneer coāfounded by Arthur Hayes, has officially shut its doors after 11 years, ceasing all trading and deposit activity while still allowing users to log in and withdraw funds. The abrupt windādown signals a significant exit of a major liquidity provider from the crypto derivatives market.
š Trader Lens & Market Flow:
The loss of BitMEXās deep order book will compress overall futures liquidity, likely tightening bidāask spreads and increasing slippage for large institutional orders. Open interest in the broader perpetuals market may dip as traders migrate to competitors, potentially amplifying volatility and prompting a reāevaluation of risk exposure across crypto institutions.
ā” 24H Futures Momentum Leaders:
ā¢ $TAKE (+233.1%) ā Price: 0.1945
ā¢ $MET (+39.0%) ā Price: 0.4023
ā¢ $CHR (+29.1%) ā Price: 0.0225
š Executive Brief:
BitMEX, the perpetuals pioneer coāfounded by Arthur Hayes, has officially shut its doors after 11 years, ceasing all trading and deposit activity while still allowing users to log in and withdraw funds. The abrupt windādown signals a significant exit of a major liquidity provider from the crypto derivatives market.
š Trader Lens & Market Flow:
The loss of BitMEXās deep order book will compress overall futures liquidity, likely tightening bidāask spreads and increasing slippage for large institutional orders. Open interest in the broader perpetuals market may dip as traders migrate to competitors, potentially amplifying volatility and prompting a reāevaluation of risk exposure across crypto institutions.
ā” 24H Futures Momentum Leaders:
ā¢ $TAKE (+233.1%) ā Price: 0.1945
ā¢ $MET (+39.0%) ā Price: 0.4023
ā¢ $CHR (+29.1%) ā Price: 0.0225
