BitMEX Officially Ceases Trading Operations

BitMEX, the exchange that pioneered the 100x perpetual futures contract, officially terminated its trading services on September 23. Users can no longer deposit funds, and remaining accounts will be subject to monthly maintenance fees. The exchange, which once dominated the derivatives market, saw its market share drop below 0.01% following years of regulatory and operational challenges. API and institutional withdrawals remain available until September 28.