Veteran Crypto Exchange BitMEX to Shut Down in September
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A pioneer in cryptocurrency derivatives trading and creator of the 100x perpetual swap said it will permanently cease operations on September 23 after more than 11 years in business. The shutdown removes a major perpetual swap venue from the market, creating potential liquidity and market impact risks for derivatives traders and representing a setback for derivatives adoption and exchange depth.
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One of the pioneers of cryptocurrency derivatives trading and the creator of the 100x perpetual swap will permanently cease operations on September 23 after deciding to wind down the business.
The company has been active for more than 11 years, making the decision even more painful for the broader cryptocurrency industry.
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