Odaily Planet Daily report: Cryptocurrency exchange BitMEX has announced it will fully shut down its platform on September 23, 2026, at 4:00 UTC. BitMEX CEO Peter Wilkinson stated that the exchange operated for over 11 years without losing customer funds due to any hacks. Wilkinson noted that BitMEX failed to keep pace with competitors, remaining focused for years on derivatives trading without timely offering spot trading, yield products, custody services, or stablecoin trading, and only joined the USDT market in late 2021. He added that BitMEX supported its founding team in pioneering the perpetual swap, a product that has since become one of the most heavily traded financial instruments in the crypto industry and is widely used for leveraged cryptocurrency trading. (Bitcoin.com News)
BitMEX to Shut Down Platform on September 23, 2026
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Summary
BitMEX announced on-chain that it will fully shut down its platform on September 23, 2026, at 4:00 UTC. CEO Peter Wilkinson stated that the exchange, which has never experienced a hack in over 11 years, struggled to remain competitive by focusing exclusively on derivatives. BitMEX missed opportunities in spot trading, yield products, custody services, and the stablecoin market, including a delayed entry into the USDT space in 2021.
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