BitMEX shuts down: perpetuals pioneer officially closes it doors after 11 years
The exchange, co-founded by Arthur Hayes, stopped trading and deposits, but says users can still log in and withdraw funds as its wind-down continues.
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Summary
- BitMEX has ended trading, deposits and new positions after an 11-year run, but customers can still log in and withdraw their balances.
- The exchange urged users to withdraw funds, warning that verified accounts with remaining balances will face a monthly fee based on an annualized 1% of assets or a $50 minimum, whichever is greater.
- BitMEX, which helped pioneer perpetual futures, announced its closure in July after a strategic review as it lost ground in the derivatives market it helped create.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
