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via Decrypt · By Decrypt Editorial
Crypto Exchange That Invented 100x Leverage Is No More: Here’s What BitMEX Users Need to Know
DE
Decrypt Editorial(05:31 PM UTC)
1 min read
In brief
- BitMEX officially ended exchange operations Wednesday, closing out a wind-down announced in July. Trading and deposits are off, but withdrawals remain open.
- Verified users who leave balances behind now pay 1% a year or $50, whichever is greater, charged monthly and set to rise over time.
- The exchange invented the crypto perpetual swap but faced a 2024 guilty plea. Its co-founders were…
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