BitMEX Ceases Trading Operations, Urges User Fund Withdrawal

2026-09-25

Cryptocurrency exchange BitMEX has ended its trading operations, initiating a mandatory withdrawal period for remaining user funds. The platform, known for pioneering 100x leverage, is now applying fees to dormant balances.

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Cryptocurrency exchange BitMEX has ceased its trading operations. Users are now being advised to withdraw remaining funds, as fees will be applied to dormant balances.

Key facts

BitMEX has ended its trading operations.
Users are being advised to withdraw remaining funds from the platform.
Fees will be applied to balances that are not withdrawn.
BitMEX was known for offering 100x leverage trading.
The departure of BitMEX may shift liquidity and trading strategies in the crypto derivatives market.

Source: Decrypt

Reported by VERA Newswire.