BitMEX stopped trading, deposits and new positions on September 23 after an 11-year run. The exchange remains accessible for account logins and withdrawals, so the closure should not be described as a freeze on customer balances. CoinDesk, Unchained.
The company announced the wind-down in July after what it called a strategic review. BitMEX says the closure is not connected to a legal or regulatory problem. That is the company's explanation, while the confirmed operational change is narrower: trading and deposits have ended, and withdrawals continue through the website.
Customers leaving funds on the platform should review the current fee schedule. Reporting from CoinDesk and Unchained says BitMEX is applying a monthly account charge based on an annualized 1% of assets or a $50 equivalent minimum, whichever is greater. Support information and timing have changed during the wind-down, so users should verify the latest terms directly in the official support center before acting.
The practical risk is now operational rather than market access. Users should reach BitMEX through a saved official address, reject messages promising faster withdrawals and confirm the destination before moving funds. A small test transfer can reduce address and network mistakes, especially where the platform limits which networks can be used for particular assets.