BitMEX to Shut Down on September 23, Halting New Account Registrations

BitMEX will officially close on September 23, and the company has stopped all new account registrations. Starting from August 26, a risk limit has been implemented, allowing users to only reduce their positions and not open new ones. Before the closure, BitMEX will forcibly liquidate existing open positions to ensure an orderly market exit. The board of directors of HDR Global Trading Limited, the owner and operator of BitMEX, has decided to shut down the exchange after a strategic assessment of the business and the entire cryptocurrency industry.

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