BitMEX to shut down permanently 11 years after Arthur Hayes co-founded crypto exchange

BitMEX, once a major player in the cryptocurrency exchange market and co-founded by Arthur Hayes, will cease operations on September 23, 2026, following a strategic review by its owner, HDR Global Trading. This decision marks the end of an era for the platform, which was instrumental in shaping the crypto trading landscape over its 11-year history. The closure signifies a major shift in the crypto exchange industry and could impact traders and investors who relied on BitMEX for their trading activities. It also underscores the ongoing challenges and regulatory scrutiny that large crypto platforms face.