Bitmex Exchange Ceases Trading, Withdrawals Still Available
- Bitmex stopped operations at midnight on Sept. 23, but users can still access accounts for withdrawals.
- New deposits are not credited, and verified users face a monthly fee of $50 or an annual rate of 1% on remaining balances.
- The closure is part of a wind-down process that began with a July announcement by HDR Global Trading Limited.
- Users should be cautious of phishing attempts promising expedited withdrawals, as Bitmex offers no such service.
Bitmex’s shutdown marks the end of its role in crypto trading, although users can still withdraw funds safely from their accounts. The exchange was known for pioneering perpetual swaps in the industry.
Users are advised to withdraw their balances promptly to avoid incurring fees and ensure fund safety amidst the closure process. (Source)
