BitMEX ended trading at 04:00 UTC on Wednesday, according to Decrypt, marking the closure of the crypto exchange known for introducing 100x leverage. The platform is urging users to withdraw any funds still held in their accounts. Fees now apply to balances that remain on the exchange, making withdrawal timing important for former users. The announcement affects BitMEX account holders directly, while no market-price impact or changes involving specific crypto assets were provided in the source material. Users with balances on the platform should review the exchange’s instructions and account status before withdrawing their remaining funds.
Source
Decrypt
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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