BitMEX to Close as Crypto's Rebel Playbook Spreads to Wall Street

Crypto's anything-goes culture is taking root on Wall Street as BitMEX shuts down. The exchange, once known for its high-leverage trading and perpetual futures, will close in late September after a strategic review of its business.

BitMEX was one of the first places where crypto's unregulated environment took shape. Regulators clipped its wings years ago, forcing traders to migrate elsewhere. The company is now closing due to a review of its place in the broader crypto industry.