BitMEX will stop accepting new positions at 04:00 UTC on Aug. 26, beginning its staged shutdown. All remaining open positions will be force-closed on Sept. 23 at 04:00 UTC, when exchange trading ends. After this date, remaining balances will be subject to monthly account fees of 1% per year or $50, whichever is greater. HDR Global Trading Limited, BitMEX’s owner and operator, decided to close the platform following a strategic review, stating that financial distress, a hack and regulatory pressure were not the causes.
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