BitMEX Closes 35 Derivatives Contracts Ahead of September Shutdown

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BitMEX closed 35 derivatives contracts on July 30, settling remaining positions and canceling open orders ahead of its September shutdown. The exchange cited low trading interest and called the move an early settlement, not a margin liquidation. Users were warned about potential post-closure fees for assets left on the platform. On-chain news shows continued activity shifts as major exchanges adjust strategies. Interest rate news remains a key factor influencing market behavior and trading decisions.

BitMEX settled 35 derivatives today, July 30, closing any remaining positions and canceling open orders as the exchange moved another step toward its September shutdown.

BitMEX’s settlement log shows 33 contracts closing almost on the stroke of noon, at 12:00:05 UTC. EURUSD and USDCHF followed at 12:32:25 and 12:33:25 UTC. With prices now posted for the full 35-contract batch, the early settlement flagged in BitMEX’s July 22 notice is complete.

BitMEX attributed the delistings to insufficient trading interest and its planned exchange shutdown. It described the process as an early settlement, not a margin liquidation.

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Before settlement, the contracts traded normally until 04:00 UTC, when BitMEX fixed the final funding rate, known as F0, using prices from the preceding eight hours. It then stopped calculating new funding and set the next funding rate to zero. The checkpoint established the funding input for settlement but did not end trading; that occurred at 12:00 UTC.

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Settlement results

The table pairs each contract with the 30-minute reference index from BitMEX’s notice and the settled price now shown in the exchange’s public records.

ContractSettlement indexSettled price
AAVEUSDT.BAAVET30M98.249
APEUSDT.BAPET30M0.1369
AUDUSD.BAUDUSD30M0.6979
AVAXUSDT.BAVAXT30M6.4892
BRENTUSDT.BBRENTT30M87.22
COINUSDT.BCOINT30M162.74
CRCLUSDT.BCRCLT30M62.43
CRVUSDT.BCRVT30M0.21052
DOTUSDT.BDOTT30M0.7677
EURUSD.BEURUSD30M1.1468
FILUSDT.BFILT30M0.6955
GBPUSD.BGBPUSD30M1.3379
GOOGLUSDT.BGOOGLT30M337.83
GRAMUSDT.BGRAMT30M1.4325
HOODUSDT.BHOODT30M90.55
INTCUSDT.BINTCT30M84.03
LINKUSDT.BLINKT30M8.4382
LOTUSDT.BLOTT30M0.006185
MSFTUSDT.BMSFTT30M428.84
MSTRUSDT.BMSTRT30M95.64
NATGASUSDT.BNATGAST30M2.7052
NVDAUSDT.BNVDAT30M193.59
OPNUSDT.BOPNT30M0.04626
SEIUSDT.BSEIT30M0.042
SHIBUSDT.BSHIBT30M0.000004631
TSLAUSDT.BTSLAT30M303.91
UNIUSDT.BUNIT30M4.1133
USDCAD.BUSDCAD30M1.4047
USDCHF.BUSDCHF30M0.8133
USDJPY.BUSDJPY30M162.97
WTIUSDT.BWTIT30M83.56
XBTETH.BXBTETH30M33.6603
XMRUSDT.BXMRT30M359.41
XPTUSDT.BXPTT30M1624.95
ZECUSDT.BZECT30M476.04

What settlement changed

The affected contracts expired, trading ended, and open orders were canceled. BitMEX exchanged funding based on F0 before closing remaining positions at the listed settlement prices. The exchange charged no settlement fee, added each contract's lifetime profit or loss to the user's Bitcoin or Tether balance, and removed the contracts from the Positions section.

The settlements were one step in a wider wind-down. BitMEX's July 23 closure notice says new registrations stopped immediately. From 04:00 UTC on Aug. 26, users will only be able to reduce positions, and the venue may force-close positions before exchange services end at 04:00 UTC on Sept. 23. Any position remaining at closure will be force-closed, although users will retain account access to view balances and withdraw funds.

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BitMEX said KYC-verified users who leave assets on the platform after closure may face an account fee, billed monthly, equal to the greater of $50 equivalent or 1% per year.

The post BitMEX wipes out 35 derivatives as exchange shutdown approaches with punishing post-closure fees appeared first on CryptoSlate.

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