Polylog
The Polylog Crypto Intelligence Brief

Morning Edition · Friday, July 24, 2026Published at 1:23 AM EDT · New York

BitMEX to Shut Down After More Than 11 Years, Giving Users Two Months to Withdraw

The derivatives exchange will halt services on September 23, with reduce-only trading from August 26 and possible forced closes before then.

BitMEX to Shut Down After More Than 11 Years, Giving Users Two Months to Withdraw

BitMEX, one of the earliest crypto derivatives venues, announced it will cease operations after more than 11 years, closing permanently on September 23, 2026 following a strategic review. Reduce-only trading, meaning traders can shrink but…

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Regulatory Perimeter for Crypto Hardens in EU and US

Over 3-6 months, enforcement deadlines and rulemaking debates narrow who can operate, with MiCA culling unlicensed EU firms and US regulators weighing durable rules over fragile exemptions.