BitMEX token crashes 90% as exchange announces shutdown
BitMEX’s BMEX token plunged about 90% after the exchange announced plans to shut down, ending nearly 12 years in business as its Bitcoin futures market share shrank.
Saturday, 19 September 2026
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BitMEX’s BMEX token plunged about 90% after the exchange announced plans to shut down, ending nearly 12 years in business as its Bitcoin futures market share shrank.
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BitMEX, the crypto derivatives exchange that permanently transformed global market structure by inventing the perpetual swap, announced Thursday that it will shut down operations on Sept. 23.
BitMEX announced it will shut down operations on Sept. 23, 2026, after owner HDR Global Trading Limited decided to close the crypto exchange.
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BitMEX will permanently shut down on Sept. 23 after an internal strategic business review.
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