BitMEX, the pioneering crypto derivatives exchange, will permanently cease operations on September 23, 2026, ending 11 years of trading history. Founded by HDR Global Trading Limited, it introduced 100x-leverage perpetual swaps and processed over $3 trillion in cumulative trading volume. The exchange faced regulatory action in 2020 when the CFTC imposed sanctions for operating as an unregistered derivatives exchange and failing to implement adequate anti-money laundering controls. Users must close positions by August 26, 2026, and withdraw all funds before the final shutdown deadline.
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