# BitMEX Stops Trading After 11 Years as Perpetual Futures Volume Settles Elsewhere

The exchange that introduced the perpetual swap closed at 04:00 UTC with withdrawals still open, while on-chain venues Hyperliquid and Lighter added double-digit percentage gains in value secured over seven days.

- Published: 2026-09-23T11:09:57.416Z
- Canonical: https://polylog.news/crypto/2026-09-23/bitmex-stops-trading-after-11-years-as-perpetual-futures-vol
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/business/2026/09/23/bitmex-shuts-down-trading-after-11-years-leaves-withdrawals-open), [crypto.news](https://crypto.news/lighter-price-gains-as-bitwise-launches-lit-staking-etp-on-xetra/), [Polylog editors](https://polylog.news)

BitMEX stopped trading and deposits on Tuesday, ending an 11-year run for the venue that introduced the perpetual swap, the contract that now dominates crypto derivatives. Users can still log in and withdraw, and the company says balances l…

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