BitMEX Shuts Down After 11 Years

BitMEX, co-founded by Arthur Hayes in 2014, halted trading, deposits and new positions at 04:00 UTC Tuesday, ending an 11-year run. Users can still log in and withdraw, but verified accounts holding balances face a monthly fee of 1% annualized or $50 minimum. The exchange announced closure in July after a strategic review by parent HDR Global Trading.