Status checked: 2026-10-25. BitMEX ended its trading services on September 23, 2026, at 04:00 UTC (13:00 Korea time). New trades, deposits, and position openings are unavailable. Existing users may still log in and withdraw, subject to conditions such as minimum withdrawal amounts and KYC. Check BitMEX’s official service closure notice and official closure FAQ first.
The images and product descriptions below are historical materials intended to explain the service as it existed before closure. They are not current signup, trading, or benefits information, and do not mean that previous promotions are still available. Account fees announced by the company may apply to accounts with remaining balances, so check the actual account notices for amounts and withdrawal conditions.
BitMEX Trading Services Closed
BitMEX announced the closure of its exchange operations, and its trading services have already ended. Signup and trading screens shown in this article are retained solely as historical materials.
- Trading ended: September 23, 2026, at 04:00 UTC, or 1:00 p.m. Korea time
- The new signup path is not current service information. Check guidance on logging in to and withdrawing from existing accounts.
- New positions and trades: currently unavailable
- For existing positions: check the account’s final settlement and trade history; this is not a process for closing them through new trades.
- Login and withdrawals: check official conditions, including the minimum withdrawal amount and account-specific KYC requirements
- Fees for accounts with remaining balances: the criteria announced by the company from time to time apply; this article does not provide a fixed amount
Existing users with balances should check official account notices and the balance available for withdrawal. Do not interpret this as advice to resume trading or close positions that have already ended. Also beware of impersonators who use the pretext of priority withdrawals or fund recovery to request separate deposits or authentication information.
1. Introduction: The Original Derivatives Exchange, BitMEX’s Legacy and Its Current Status
Launched in 2014, BitMEX was a cryptocurrency derivatives exchange that played a major role in popularizing perpetual swaps. Following the end of trading in September 2026, its information should be treated as historical material for understanding past product structures and personal trading records.
Descriptions of the former trading engine, order book, and security systems do not indicate current trading quality or guarantee withdrawals. In its closure notice, BitMEX stated that it had not lost customer funds to hacking, but this is the company’s statement. Its past security record alone cannot guarantee when balances will be recovered or what operational risks may arise in the future.
Previous signup and discount information: this is not an offer of new signup or current discount benefits.
2. Login and KYC for Existing Accounts and the Former Signup Process
Guidance for starting a new signup, deposit, or trade no longer applies. If existing users are prompted for KYC when making a withdrawal, they should follow the instructions on the official login screen and consult the support documentation.
Logging in to an existing account: verify the address directly and access the official account. Handle email, password, two-factor authentication, and recovery issues through official support, and do not share authentication information with anyone.
KYC verification: check whether additional verification is requested in the actual account, and confirm the requested documents and submission channel with official support. The list below contains precautions for verification and is not a new signup process.
- Identification: submit only valid documents requested by the account through the official verification screen. The types of accepted documents are not fixed regardless of country.
- Taking and uploading images: follow the methods supported by the current verification screen. Do not install new apps or remote support programs from unclear sources.
- Identity verification: complete only the verification steps requested on the actual screen, and do not trust separate verification links sent in private messages.
- Proof of residence: if additional documents are required, check the document type and validity period with official support.
- Review period: approval times cannot be guaranteed based solely on the information reviewed. Keep a record of the submission date and inquiry number.
3. In-Depth Analysis of BitMEX’s Fee Structure and Optimization Strategies
The following explains cost concepts for understanding past contract records. It does not mean you can trade on BitMEX or receive fee benefits now.
Maker and taker: Fee treatment depended not simply on the order name, but on whether liquidity was actually added or taken, as well as the contract and account rates at the time.
- Maker: A fill that remained on the order book and added liquidity. Whether rebates applied in the past depended on the contract and the policy at the time, so they should not be assumed to have been universally waived or refunded.
- Taker: A fill that immediately took an existing order. To verify past fees, check the applicable rate at the time, contract value, and fill history. Do not use 0.075% as a fixed current rate.
Reviewing historical cost records
- A limit order could also be a taker order if filled immediately, and execution at the specified price was not guaranteed.
- Post-Only was a feature intended to ensure liquidity provision; it did not guarantee a fill or profit. Trading has now ended, so it cannot be used for new orders.
- Referral discounts: past terms associated with former links or codes cannot be assumed to apply as current signup or trading benefits.
4. Dissecting the Trading Interface: Tools for Professionals
This section and the images of the former interface describe the platform as it appeared before closure. They are not instructions for entering current orders.
Former order window: order quantity, value, and cost had to be interpreted based on the product type and settlement asset.
- Quantity: You need to understand the characteristics of Inverse Perpetual contracts, one of BitMEX’s most distinctive features. The order unit is the number of dollar-denominated (USD) contracts, not the number of coins (BTC). Entering 1,000 as the quantity means taking a position worth $1,000.
- Order Value: After you enter a quantity, the value below it is automatically calculated and displayed as the equivalent amount in BTC based on the current Bitcoin price on BitMEX. Use this figure to understand the actual number of coins you are trading.
- Cost: Shows the minimum margin required to take the position.
Former leverage display: leverage and risk limits varied according to the contract and account terms. Do not use these figures as an indication of current maximum leverage or the possibility of placing new orders.
Former charts and order book: these were tools for checking fills and liquidity at the time, but order-book depth alone cannot establish the intentions of particular market participants or future support and resistance.
5. Understanding and Using Order Types
The following describes general concepts behind order types used before closure; they cannot be placed on BitMEX now.
Limit Order: Specifies a price at which to place an order on the order book. Fees are lower and you can enter at your desired price, but there is a risk that the order will not fill and the market will move away.
A market order was an order that attempted to execute against the quotes available at the time. Price, execution of the full quantity, and processing time were not guaranteed, and slippage could occur.
Stop Order: A conditional order that becomes active when a specific condition is met.
- Stop-loss: This mechanism attempted to execute an order when set conditions were met, but volatility, gaps, insufficient liquidity, or system outages could prevent it from keeping losses within the intended limit.
- Take profit: This function placed a closing order when a target condition was met; it did not guarantee execution at that price or a profit.
- Trailing stop: This feature adjusted the trigger level in response to changes in the reference price, but risks of slippage and non-execution remained.
6. Mathematical Differences Between Cross and Isolated Margin
The following explains the former margin structure. It does not recommend opening a position now or using a particular margin mode.
Cross margin: A structure that shared eligible collateral in the applicable account. It did not mean that assets in every separate wallet were always used as collateral in the same way.
- Effect: Shared collateral could affect liquidation conditions, but it did not eliminate losses.
- Risk: Losses could also affect balances included as collateral and other positions.
Isolated margin: A structure managed based on the margin allocated to the position.
- Limitations: The actual extent of losses could vary depending on automatic or manual margin additions, fees, and applicable terms. It is not recommended as an essential safety measure for high-leverage day trading.
- Risk: With a tight liquidation price, even small price fluctuations could close the position.
7. Funding Fee Mechanism and Arbitrage Strategies
Funding was a mechanism intended to adjust price discrepancies in contracts with no expiration date. Receiving funding did not guarantee total returns.
Checking past settlements: Compare records and statements for each contract’s settlement times and rates at the time. Since trading has ended, do not use the times in this article as the current settlement schedule.
Interpreting funding fees
- Positive funding: Depending on the contract terms, longs paid shorts. The fact that funding was positive alone does not determine the price relative to spot or the future market direction.
- Negative funding: Depending on the contract terms, shorts paid longs. The payment direction and cost could change during the holding period.
Limitations of spot-futures offset strategies: Positions in opposite directions can reduce some price exposure, but funding changes, differences between the underlying asset and collateral, fees, liquidation, withdrawal, and counterparty risks remain. This cannot be considered risk-free income, and new trades cannot be placed on BitMEX now.
8. Open Interest and Market Sentiment Analysis
Open interest (OI) is the volume of contracts that have not yet been closed. Every contract has both a long and a short side, so OI alone cannot determine which side has more new capital entering.
Correlation Between OI and Price
- Price rising and OI increasing: This is consistent with an increase in new contracts, but does not by itself prove that longs are dominant or that the trend will continue.
- Price rising and OI decreasing: This may be interpreted as positions being reduced, but short liquidations are not the only possible cause.
- Price falling and OI increasing: Prices fell as the number of contracts increased, but the intentions of short sellers cannot be inferred definitively.
- Price falling and OI decreasing: This indicates a reduction in positions, but does not guarantee that the market has bottomed or will rebound.
9. Checking Balances and Withdrawals After Closure and Security Precautions
New deposits are currently not supported. Do not buy coins for transfers on another exchange and send them to BitMEX.
Checklist after the shutdown
- Check your balance: Verify the assets available for withdrawal, your balance, and the minimum withdrawal amount through the official account.
- Check recipient details: Confirm that the service receiving your withdrawal supports the asset and network, and verify the full address and any required tags or memos. It is not correct to generalize that TRX always requires a memo.
- Country-specific requirements: Check the receiving service’s Travel Rule, identity verification, and supported-provider policies. A particular amount or country threshold does not apply equally to all users.
Withdrawal process: Make only withdrawals supported through the official interface. Since trading has ended, the previous instructions to convert to another coin on the platform do not apply. If you encounter an error or restriction, keep your transaction records and support ticket number, and check with official support.
10. Official Links and Conclusion
BitMEX is no longer an option for new derivatives trading. Existing users should check their balances and final transaction records and use the official withdrawal and support procedures.
Official channels: Check the login and customer support links provided in the shutdown notice. Be wary of impersonators claiming they can expedite your withdrawal.
- Official BitMEX website: https://www.bitmex.com
- Preserved former affiliate links: https://www.bitmex.com/app/register/coinpop (These do not provide information about current registration, trading, or discounts.)
Disclaimer and conflicts of interest: This article provides general information about the shutdown status and the former derivatives structure. The existing affiliate links have been retained for historical reference and do not recommend signing up now. Past security records, trading performance, or company statements about asset security do not guarantee future payments or withdrawals.
FAQ on Current Status and Risks
Can I sign up or trade on BitMEX now?
BitMEX’s trading services ended on September 23, 2026, at 04:00 UTC. The existing signup links and product pages in this article are historical materials and do not provide information about current registration, deposits, trading, or discounts.
Can I withdraw my existing balance?
The company states that login and withdrawal functions remain available. Check the official account and support documents for your actual withdrawable balance, minimum withdrawal amount, and any account-specific KYC requirements and restrictions.
Are there fees on remaining balances?
The official shutdown notice states that fees announced by the company will apply to balance accounts after September 23, 2026. Do not assume a fixed amount or that fees are waived; check the notice in your actual account.