BlockBeats reported on July 23 that BitMEX announced it will officially shut down its trading platform on September 23, 2026 at 04:00 (UTC). Effective immediately, the platform has stopped accepting all new user registrations. BitMEX stated that after a strategic review of the company's business and the entire crypto industry, the board of directors of its parent company, HDR Global Trading Limited, decided to close the trading platform.
BitMEX strongly advises all users to close their positions and withdraw funds as soon as possible. The trading platform will continue to operate normally before the closing time, but from 04:00 (UTC) on August 26, 2026, risk restrictions will be implemented, preventing users from opening new positions and allowing only the reduction of existing ones. Afterwards, BitMEX will gradually force-close existing positions to ensure an orderly market exit; positions not closed by the closing time will be immediately forced to close. The platform states that it will not be responsible for any trading losses incurred by users failing to close their positions in a timely manner. Furthermore, contracts with insufficient liquidity will be settled early, and the platform will, as is customary, notify relevant users in advance.
After the trading session closes, BitMEX will no longer provide any trading services, retaining only asset custody functionality. Users can still log in to their accounts to view their wallet balances and transaction history, and continue to withdraw assets. All BMEX staking has been released, and the relevant tokens have now been returned to user accounts. For users who have completed KYC but have not withdrawn before the closing time, BitMEX will begin charging an account management fee, calculated monthly based on the account balance at $50 USD or 1% annualized (whichever is higher). If users continue to fail to withdraw for an extended period, the platform may further increase the fee in the future, with advance notice provided.