Crypto
BitMEX Shuts Down Exchange Operations Amidst Gradual Phaseout
BitMEX has officially ceased all exchange operations as of 4:00 UTC on Wednesday, marking the end of its over 11-year run. The platform had previously announced plans to shut down in July, citing a strategic review of the business and broader crypto industry.
The company, HDR Global Trading Limited, emphasized that user funds remain secure and urged customers to withdraw their remaining balances as soon as possible through the web platform.
BitMEX will disable API withdrawals on September 28, requiring users to process withdrawals through the website. This is part of its gradual phaseout plan.