# BitMEXAnnouncesClosureOnSept23

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itMEX, the pioneer of perpetual swaps, has officially announced it will shut down its trading platform on September 23, 2026 at 04:00 UTC. Parent company HDR Global Trading Limited made the decision following a strategic review, with new user registrations already halted. From August 26, users will only be able to reduce positions, followed by gradual forced liquidations. Founded by Arthur Hayes in 2014, BitMEX once defined crypto derivatives trading but is now closing after over a year of unsuccessful sale attempts.

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