2 weeks ago
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Key Takeaways
- New positions stop on August 26, when the platform becomes reduce-only.
- BitMEX may force-close remaining positions between those two dates.
- Balances left after September 23 will incur a fee of $50 or 1% a year, billed monthly.
The platform announced on July 23, 2026 that it will close on September 23 at 04:00 UTC, following what its board described as a strategic review of the business and the wider crypto industry. New account registrations have already stopped.
The closure is not being presented as a hack, insolvency event or sudden loss of customer funds. BitMEX says its assets exceed liabilities and that users will retain access to their accounts and withdrawals after trading ends. That does not mean traders should wait until September.
The more practical deadline arrives on August 26, when the exchange will stop accepting new positions and move into an orderly wind-down. From that point, traders will only be able to reduce exposure, while BitMEX may begin closing positions before the final shutdown.
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