BitMEX Reopens Withdrawals for Customers in Six Markets
The access change covers six previously restricted markets, but sanctioned regions remain subject to separate compliance checks as the exchange winds down.
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The access change covers six previously restricted markets, but sanctioned regions remain subject to separate compliance checks as the exchange winds down.
Withdrawals stay open, but the closure of one of crypto's longest-running derivatives venues is the latest contraction signal for an offshore perps sector that has been thinning for quarters.
The roughly three-month withdrawal window and the 5% monthly fee on anything left behind make this less a graceful exit than a clock that starts ticking the moment a user does nothing.
Two years after a $70M hot-wallet breach blamed on North Korea's Lazarus Group, the 2017-founded venue becomes the latest major centralized exchange to fully exit, putting orderly withdrawals…
Tether exclusively led Orionx's Series A in 2025; a $7M+ hole in customer BTC, ETH, XRP, and POL now puts the stablecoin issuer's due-diligence record back in the spotlight.
The short window turns a compliance decision into a custody risk and revives 2022-era concerns about exchange access.
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.
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.
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 shutdown clock is real, not speculative: users have hours, not weeks, to migrate balances, open orders, and positions before the venue's order books go dark.
The exchange is suspending deposits and new orders immediately, ending trading Aug. 26, and ceasing full operations Jan. 31, 2027, while BMX collapsed nearly 60% on the news.
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…
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.
Around three in four EU-registered crypto firms are expected to fail MiCA's June 30 deadline, and AscendEX is the first major name to publicly warn users their funds may be stuck.
The shutdown cites MiCA, regulatory, financial and operational pressure, and a Coin Bureau report points to empty hot wallets, framing a full-balance recovery as uncertain for AscendEX users.
The exchange blamed a failed strategic transaction and MiCA pressure for the July 1 shutter, but the more dangerous signal is the empty hot wallets ZachXBT flagged weeks earlier.