THE BLOCK: BitMEX closes crypto exchange after 11 years; withdrawals still open
AI Market Summary
BitMEX has officially ceased exchange operations after 11 years, while keeping withdrawals open for remaining customer funds. The shutdown removes a long-standing derivatives venue and may shift liquidity and open interest toward competing exchanges, with near-term implications for market microstructure (spreads, funding, and leverage access). The event also keeps attention on counterparty and operational risk management across centralized platforms.
Impact level
● Medium
Affected assets
BTC/USDT-0.50%
AI Insight · BTC/USDTAI Insight
● Neutral
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THE BLOCK reports that BitMEX formally ceased its cryptocurrency exchange operations at 04:00 UTC today, ending an 11-year run. Users who still have assets on the platform can continue to make withdrawals.
