BitMEX, the once-dominant crypto exchange that pioneered 100x Bitcoin leverage and perpetual futures, is shutting down on September 23rd — a dramatic end for the platform that fueled the crypto boom and shaped derivatives trading. Born in 2014, it became the go-to for high-stakes traders, but legal troubles with U.S. regulators, a $100M settlement, and a presidential pardon couldn’t save it. Now, overshadowed by Binance and decentralized rivals, BitMEX’s leadership has vanished, and its legacy is fading as the crypto market continues its rough patch.
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