The closure will mark the end of a major era in crypto derivatives trading.

One of the pioneers of cryptocurrency derivatives trading and the creator of the 100x perpetual swap will permanently cease operations on September 23 after deciding to wind down the business.

The company has been active for more than 11 years, making the decision even more painful for the broader cryptocurrency industry.

Closing Down

The statement just published by BitMEX stated that the exchange will cease operations on September 23 this year at 04:00 UTC. Its parent company, HDR Global Trading Limited, said the move came after a strategic and detailed review of both the business and the crypto…