BitMEX closes after 11 years

BitMEX has officially shut down its exchange operations, ending trading and new positions after more than a decade in the crypto market.

Founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, BitMEX became one of the early pioneers of Bitcoin perpetual swaps - a product that went on to become a major part of the crypto derivatives market.

Users can still access their accounts and withdraw their remaining funds.

BitMEX announced the closure in July following a strategic review by its parent company, HDR Global Trading.

A notable chapter in crypto trading history comes to an end.

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