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BitMEX shuts down as analysts warn of accelerating crypto consolidation

Crypto Briefing 2026-07-23 19:45:24
Context: BitMEX, a cryptocurrency exchange, is set to permanently close on September 23, 2026. The closure comes as analysts warn of accelerating consolidation in the crypto market. The exchange's daily volume has dwindled to $400,000, and its BMEX token has plummeted over 90% in value.

Key Facts

  • BitMEX will permanently close its operations on September 23, 2026.
  • The exchange's daily trading volume has decreased to $400,000.
  • The value of BitMEX's BMEX token has declined by over 90%.
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