BitMEX ends trading as 11-year exchange wind-down begins

BitMEX has stopped trading and new deposits as the cryptocurrency exchange begins winding down its operations after 11 years, according to CoinDesk. The platform, co-founded by Arthur Hayes, said users can still access their accounts and withdraw funds during the closure process. BitMEX was an early pioneer of perpetual futures, a widely used crypto derivatives product. The shutdown marks the end of trading activity on the exchange, while account access remains available for users managing their balances. No further details on the timetable for the wind-down were provided in the supplied report.