BitMEX review: score, licensing and risks
42/100SCORE · DCaution
Grade D, caution
BitMEX invented the perpetual swap and dominated crypto derivatives for years. After more than 200 million dollars in US penalties and a failed sale, it announced it is closing on 23 September 2026. If you have funds there, move them.
BitMEX is shutting down. Withdraw any remaining balance now.
The facts
- FOUNDED
- 2014
- HEADQUARTERS
- Seychelles
- CUSTODY
- Custodial.
- MiCA / EEA
- Not relevant. The exchange is shutting down.
- US ACCESS
- No.
- PROOF OF RESERVES
- Historically published proof of reserves.
- FEES
- Not relevant.
- ASSETS
- Derivatives focused
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Historically important as the venue that popularised the perpetual swap
✗ Weaknesses
- Closing on 23 September 2026
- Withdraw any balance immediately if you still hold one
Incident history
2020
Founders charged in the US over Bank Secrecy Act violations. The company and executives eventually paid over 200 million dollars in penalties.
2026
Announced it is shutting down on 23 September 2026 following the penalties and a failed sale.
Our read
Listed here only so that anyone searching for it finds out it is closing. If you still hold a balance on BitMEX, withdraw it now rather than later.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.