Crypto Exchanges
By Pankaj K
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CFTC Opens the Door for Onshore Perpetuals. The US Commodity Futures Trading Commission changed things.
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The Wind-Down Timeline Is Already Running. BitMEX set a clear schedule. The platform operates normally until August 26, 2026.
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What High-Leverage Traders Do Next. There's a real gap opening up here. BitMEX served a specific type of trader — someone who wanted…
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BitMEX is done. HDR Global Trading Limited, the operator behind the exchange, said new account registrations stopped immediately, with full trading services ending September 23,…
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The platform basically invented the perpetual swap — that's not hyperbole. Back during the 2017-2018 market surge, BitMEX brought crypto perpetual contracts to mainstream…
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The exchange ran a strategic review of its business model and looked hard at where the market was heading. What it found probably wasn't encouraging.
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The US Commodity Futures Trading Commission changed things. The CFTC facilitated the launch of onshore crypto perpetual contracts under stricter domestic regulations, and that…
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And BitMEX had other problems too. The exchange pleaded guilty to violations of the Bank Secrecy Act and anti-money laundering laws, and it paid a $100 million fine.
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Not really a surprise, when you lay it all out.
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BitMEX set a clear schedule. The platform operates normally until August 26, 2026. On that date, it flips to reduce-only mode — no new positions can be opened.
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Read also: Crypto Lobby Sues Illinois Over 0.2% Digital Asset Tax in First-of-Kind State Fight
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After the shutdown, users can still log in. But only to check transaction histories and pull out whatever funds remain.
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The maintenance fee situation is worth paying attention to. Any capital left sitting on the platform after closure gets hit with a fee — $50 per month or 1% per annum, whichever…
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Staked BMEX tokens have already been returned to users. BitMEX also flagged phishing risks, warning users to stay cautious during peak withdrawal periods.
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There's a real gap opening up here. BitMEX served a specific type of trader — someone who wanted high leverage, didn't mind offshore risk, and had been using perpetual swaps for…
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