BitMEX, the exchange that invented perps, is shutting down
BitMEX, co-founded by Arthur Hayes in 2014, redefined the global crypto market by introducing the 100x leverage perpetual swap.
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Summary
- BitMEX, the crypto derivatives exchange that pioneered the 100x leverage perpetual swap, will shut down operations on Sept. 23, 2026, and is urging users to close positions and withdraw funds immediately.
- New account registrations have been halted and open contracts will be forcibly closed before the final shutdown to ensure an orderly wind-down.
- Users who do not withdraw by the deadline will incur maintenance fees.
