BitMEX shuts down: perpetuals pioneer officially closes it doors after 11 years
60-second summary
BitMEX, the perpetual‑contracts pioneer co‑founded by Arthur Hayes, halts all trading and deposits as it begins winding down after eleven years, yet it still allows users to log in and withdraw funds. The shutdown reflects tightening regulatory pressure on leveraged crypto platforms, prompting traders to seek alternative venues and potentially dampening high‑leverage market liquidity.
The exchange, co-founded by Arthur Hayes, stopped trading and deposits, but says users can still log in and withdraw funds as its wind-down continues.