BitMEX Ceases Trading Operations on September 23; Users Have Until August 26 to Close Positions

BitMEX announced on July 23 that it will cease all exchange operations at 04:00 UTC on September 23, following a strategic review of its business model. New user registrations have been immediately suspended, and existing users are required to close open positions and withdraw assets before the deadline.

Starting at 04:00 UTC on August 26, users will no longer be able to open new positions and may only reduce existing ones. All remaining open positions will be compulsorily liquidated before trading ends. After the closure, users can still log in, view balances, and withdraw assets, but trading services will be unavailable. Users leaving assets in their accounts post-closure will be charged $50 per month or 1% annually, whichever is higher.