An Era Comes to an End. BitMEX has announced that it will officially close its exchange on September 23, 2026, following a strategic review of the business and the broader crypto industry. Users have been asked to close open positions and withdraw their assets before the deadline. Founded in 2014 by Arthur Hayes, Benjamin Delo, and Samuel Reed, BitMEX once stood at the center of the crypto derivatives market. In 2016, it launched the XBTUSD perpetual swap with up to 100x leverage—helping shape the perpetual contract model now used across the industry. From market leader to final shutdown, BitMEX leaves behind a major chapter in crypto trading history. Platforms may come and go. But the evolution of on-chain markets never stops. A chapter closes. The next one is already being written. #BitMEX# #Crypto# #Derivatives# #XBIT#