BitMEX to Cease Operations by September 23
BitMEX, one of the pioneering cryptocurrency exchanges for perpetual swaps (perps), announced it will shut down operations on September 23. The exchange is urging users to withdraw funds and close positions as it winds down after an 11-year run. Regulatory enforcement actions over illegal activity and competition from decentralized derivatives markets have contributed to its decline.
Topics: BitMEX crypto exchange shutdown regulatory enforcement