In brief
- BitMEX officially ended exchange operations Wednesday, closing out a wind-down announced in July. Trading and deposits are off, but withdrawals remain open.
- Verified users who leave balances behind now pay 1% a year or $50, whichever is greater, charged monthly and set to rise over time.
- The exchange invented the crypto perpetual swap but faced a 2024 guilty plea. Its co-founders were pardoned by President Donald Trump in 2025.
The exchange that gave crypto the perpetual swap has officially closed its doors.
BitMEX ended all exchange operations at 04:00 UTC Wednesday, the company said on X, capping a two-month wind-down. Trading, deposits and new positions are gone, though users can still log in and withdraw.
