BitMEX, the crypto exchange that pioneered perpetual swap contracts, has officially closed after 11 years, ceasing new trades but allowing withdrawals until September 28, 2026. The shutdown follows a decline in market share and a $495 million lawsuit from Celsius's bankruptcy estate accusing BitMEX of wrongful Bitcoin liquidations during the 2020 crash. Most former BitMEX traders have migrated to offshore exchanges like Binance, OKX, and Bybit, or on-chain platforms offering similar perpetual contracts. The closure marks the end of BitMEX's direct influence, but legal challenges may keep it in the spotlight.
BitMEX's shutdown is noted here with Pluang market data as of Sep 24, 2026 04:11 WIB. For readers following general market trends, 48 of 150 US stocks priced on Pluang rose while 101 fell. Notable movers include AFRM at USD 68.16 with a 1-day change of -5.03%, LI at USD 11.55 down 4.86%, and BABA at USD 110.95 down 4.58%.
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