According to CoinMeta, the BitMEX exchange officially ceased trading at 04:00 UTC today, ending its operation of over 11 years. Users can still log in and withdraw their funds, but a fee will be charged on any remaining balance. The BitMEX exchange announced its closure on July 23, stating that its owners made this decision after reviewing its business and the broader crypto industry. Once, BitMEX handled approximately 57% of global crypto derivatives transactions.