Cryptocurrency exchange BitMEX has officially ended its trading operations after 11 years in the market, marking the conclusion of its activity as a trading platform. The exchange's announcement also introduces ongoing maintenance charges for users who retain balances in verified accounts.
Under the announced fee structure, remaining balances in verified accounts will be subject to a monthly maintenance fee of $50 or an annual charge equal to 1% of account assets, whichever is greater.
The fee structure means that users who leave assets in their accounts could face continuing costs even after trading operations have ended. The difference between the fixed monthly charge and the annual percentage-based fee will depend on the value of each account's remaining assets.
BitMEX's departure marks a significant development for a platform that operated in the cryptocurrency market for more than a decade. The announcement also raises practical questions for users with remaining funds, particularly regarding withdrawal arrangements, account access and the timing of applicable maintenance charges.
For affected account holders, the immediate priority is understanding the exchange's withdrawal procedures and the conditions governing any remaining balances. The announcement does not specify a final withdrawal deadline, the exact implementation date of the fees, or whether additional arrangements will apply to accounts that remain unverified.
