BitMEX Is Closing: What Crypto Traders Should Do Before 23 September

One of the oldest names in cryptocurrency is switching off the lights. BitMEX, the derivatives exchange that introduced leveraged trading to an entire generation of crypto investors, will permanently close on 23 September 2026. The wind-down is already underway: new registrations have stopped, and from 26 August the platform moves to reduce-only mode, meaning traders can close positions but no longer open new ones. Anyone who still holds funds on the exchange has a hard deadline to act.