Every Zipp story tagged #BitMEX, newest first.
Traders gave up the ability to open new positions at 04:00 UTC on Aug. 26, with force-closes looming through Sept. 23 and a 1% annual drag on balances left behind.
BitMEX couldn't get sold in a hot crypto M&A market that closed 144 deals worth $11.8B YTD, proof that founder-controlled ownership and lingering legal baggage sink exchanges regardless of cycle.
The lawsuit paints a familiar post-closure pattern: a venue winds down leverage products while a plaintiff claims an internal desk profited from frozen customer books.
BitMEX co-founder Ben Delo's 2015 epiphany produced a product that now moves tens of trillions of dollars a year and is on the verge of reaching CME-listed equities.
The guilty plea by HDR Global Trading marks one of the most significant AML enforcement outcomes in crypto exchange history, setting a compliance benchmark every offshore venue now operates against.
BitMEX invented the perpetual swap. The venue that made that product is closing in September while spot volumes hit a 25-month low, and analysts say only well-capitalised, MiCA-ready venues will…
The complaint frames server freezes and internal trades as deliberate user-fund grabs timed to the orderly wind-down, putting BitMEX's exit liability under judicial review.
BitMEX engineer Ben Delo's 2015 fix for a Bitcoin futures annoyance became crypto's dominant trading venue, and US regulators are now eyeing the same structure for equities on the CME.
BitMart hasn't declared a liquidity shortfall, but Nansen-tracked ETH and stablecoin balances were drained before the closure notice and 58 wallets pulled just $805K in the first 24 hours, which is…
The complaint alleges BitMEX operated a hidden desk that traded against users and froze servers during volatility to trigger liquidations, with plaintiffs seeking return of roughly 623 BTC.
The 622.66 BTC ($40.7M) plaintiffs cite is the headline number, but the allegations of an internal desk trading on frozen-server data and collateral siphoned to an insurance fund cut at trust in…
The orderly shutdown of the legacy derivatives venue shows how far exchange risk has shifted from counterparty failure to regulatory drag, with active books forced closed weeks before withdrawals…
The withdrawal window is generous, but positions still open when BitMEX winds down its EU books get a much shorter fuse, and the venue is part of a broader CASP purge expected to hit ~75% of…
A near-3% real yield on US 30-year TIPS sets up the stiffest opportunity-cost rival bitcoin has faced, even as spot BTC ETFs keep pulling in roughly $1B a week.
Eleven years after Arthur Hayes helped popularize the 100x leverage perpetual swap, the exchange that defined an era of crypto derivatives is closing for good, with assets left past the deadline…
The exchange that pioneered the 100x perpetual swap in 2014 hands the franchise back to Binance, OKX and Bybit after an 11-year run, with a Sept.
The 11-year-old derivatives pioneer exits as offshore perp venues lose their edge and regulated competitors absorb the flow.
A full C-suite clear-out on top of a buyer search suggests the derivatives venue is being prepped for a deal rather than a turnaround, with the price depression forcing cost cuts across the crypto…
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