BitMEX Shutdown LIVE Updates Today: What’s The Next Step For Users As Arthur Hayes’ Exchange Closes
BitMEX Shutdown LIVE Updates Today: What’s The Next Step For Users As Arthur Hayes’ Exchange Closes
- Cryptocurrency
Crystal Kim- 10 minutes read
07:15:00 PM UTC, 22 September 2026
Phishing Risks During Exchange Shutdown
BitMEX has warned customers to remain vigilant against phishing attempts as the exchange prepares to shut down. The company said scammers could exploit uncertainty surrounding the wind-down by offering fake priority or accelerated withdrawal services. BitMEX stressed that no expedited withdrawal service is available. It also said withdrawals may undergo additional reviews and that some requests could face network-related delays.
The platform explained that blockchain confirmation times can affect processing, particularly for assets such as Bitcoin. Users will continue to see withdrawals marked as processing until they are posted. The warning comes as the company expects withdrawal activity to rise during the final operating period.
06:55:00 PM UTC, 22 September 2026
1% Annual Fee On Unwithdrawn Assets After Closure
BitMEX users who leave assets on the platform after the exchange closes could face account fees, according to the company’s shutdown notice. KYC’d users who have not withdrawn their assets by the September 23 closure time will be charged a 1% annual fee, billed monthly.
Accounts holding no more than the equivalent of $50 will face a $50 fee. BitMEX said the charge can increase over time if balances remain unwithdrawn. The exchange will continue contacting affected users to encourage them to retrieve their assets. BitMEX said it will communicate any future increases to affected customers before they take effect.
06:25:00 PM UTC, 22 September 2026
Users To Deal With Position Limits As Exchange Prepares For Final Shutdown
BitMEX has introduced risk limits as it moves toward the final closure of its exchange operations. Starting August 26 at 04:00 UTC, users will be prevented from placing new positions and will only be able to reduce existing ones, according to the company.
The measure is designed to support an orderly wind-down before the September 23 closure. BitMEX said it will progressively force close existing positions during the shutdown period, while any positions still open at the closure time will be immediately force closed. The restrictions will remain in place through the final stage of the exchange’s operations.
06:00:00 PM UTC, 22 September 2026
BitMEX To Unstake BMEX Tokens Ahead Of Exchange Closure
BitMEX has unstaked all BMEX Tokens held in staking on its platform as part of the exchange’s shutdown process. The company said the tokens are now immediately available in holders’ accounts. The move comes as BitMEX prepares to end exchange services on September 23, 2026. The platform has advised users to review their holdings and withdraw assets before the closure deadline. BitMEX said customers will retain access to their accounts after the exchange closes, allowing them to view balances and transaction histories and withdraw remaining funds. The company said this change makes the tokens available to holders without requiring further staking activity.BitMEX has unstaked all BMEX Tokens held in staking on its platform as part of the exchange’s shutdown process. The company said the tokens are now immediately available in holders’ accounts. The move comes as BitMEX prepares to end exchange services on September 23, 2026. The platform has advised users to review their holdings and withdraw assets before the closure deadline.
Meanwhile, BitMEX said customers will retain access to their accounts after the exchange closes, allowing them to view balances and transaction histories and withdraw remaining funds. The company said this change makes the tokens available to holders without requiring further staking activity.
05:30:00 PM UTC, 22 September 2026
Lost Zero Funds To Hacks During 11-Year History
BitMEX also spotlighted its security record as it announced plans to close its exchange. According to the company, the platform experienced zero funds lost to hacks throughout more than 11 years of operations. BitMEX said protecting user assets had remained a top priority since its launch in 2014.
The exchange also pointed to its Proof of Reserves and Liabilities as evidence that assets exceed liabilities during the wind-down. The company warned users to remain alert to phishing attempts as bad actors could seek to exploit uncertainty surrounding the closure. BitMEX said users should rely on official platform communications when handling withdrawals during the closure process.
05:10:00 PM UTC, 22 September 2026
BitMEX To Retire 100x Perpetual Swap Pioneer After More Than A Decade
BitMEX is ending operations after more than a decade as a major name in crypto derivatives. The exchange, which launched in 2014, said it pioneered the 100x leverage perpetual swap, a product that later became widely adopted across the cryptocurrency industry.
BitMEX described the instrument as part of its legacy in developing professional-grade trading products. The company also highlighted its focus on risk management and security throughout its operating history. The closure will end a significant chapter for one of crypto’s earliest derivatives platforms. The product became closely associated with BitMEX and helped establish its identity within the derivatives market.
04:25:00 PM UTC, 22 September 2026
Users Urged To Close Positions And Withdraw Funds Before Shutdown
BitMEX is urging customers to close open positions and withdraw their assets ahead of the exchange’s planned closure on September 23. The platform said it will operate normally until the wind-down process advances, but users should not wait until the final deadline.
Existing positions will be subject to forced closures as BitMEX prepares to end exchange services. After closure, users will still be able to access their accounts, view wallet balances and transaction histories, and withdraw remaining assets, according to the company’s shutdown notice. The guidance comes as the platform transitions toward a controlled wind-down.
04:05:00 PM UTC, 22 September 2026
BitMEX Sets September 23 Deadline As Exchange Wind-Down Begins
BitMEX has set September 23, 2026, at 04:00 UTC as the deadline for closing its exchange operations. Users should get ready for the shutdown, the platform said, as it embarked on an “orderly wind-down of trading”. BitMEX will keep running the exchange until it is closed, and restrictions will be implemented to restrict new orders ahead of the close.
The company stated that the other available jobs will be filled “according to the closing processes”. The announcement comes after a strategic review conducted by the HDR Global Trading Limited, owner and operator of BitMEX. The deadline provides customers with a timeframe to finish their trading and withdrawal process.
04:00:00 PM UTC, 22 September 2026
BitMEX To Shut Down Exchange After 11 Years In Crypto Market
On September 23, 2026, BitMEX will cease operations as a cryptocurrency exchange, having been in operation for over 11 years. HDR Global Trading Limited, owner and operator of the platform, revealed that the board had made the decision after a strategic evaluation of the operations of the company and the overall crypto market.
With immediate effect, the exchange has suspended the registration of new accounts. BitMEX explained that this was not an easy decision, as it is one of the earliest platforms to offer professional crypto derivatives and to influence the market since it was created in 2014. The company provided the timeline in its notice.
