What a ride.
When I decided to leave banking and join my best friend at his startup, I had no idea where the adventure would take us. @CryptoHayes , @bendelo and @STRML_ were three of the smartest people I've ever met, and you saw it most when things broke. Everyone came together and the speed they moved at was something else.
From running multiple teams, to building the perp swap through iteration after iteration, to dominating the exchange industry, and standing tall together through everything that came after.
Incredibly proud of what we built. Even prouder of the friendships I made along the way. A lot of the people I worked alongside with, and a lot of my clients, are now some of my closest friends, and that's the part I'll keep.
Thank you Arthur, Ben and Sam.
Dear BitMEX Users,
Today, we share with a very heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC.
The owner and operator of BitMEX, HDR Global Trading Limited, has made the difficult decision to close operations following a strategic review of the business.
It may not look the same today, but we are proud of our 11+ year legacy and the role we played in shaping the crypto industry. We invented the 100x leverage perpetual swap, which for most of you, was the first step to your crypto trading journey. It is now the most traded financial product in the crypto industry, adopted by thousands of users and exchanges. And we remain proud of our robust security infrastructure, which has allowed us to maintain a flawless track record of 0 customer funds lost to hacks in our entire operating history.
We want to reassure you that your assets remain fully safe and under your control during this transition period. This announcement is just to give enough time to ensure a smooth withdrawal process for everyone.
From today we strongly encourage all users to close their positions and withdraw their funds as soon as convenient. For more details on the full process, please read our blog: https://t.co/OOHeh6xHm8
BitMEX was once home to some of the greatest traders today. Our team has dedicated tremendous effort and passion into building the platform into what it is, and we are glad to have reached some of you during your time with us. To everyone who has traded, supported, and grown alongside us - thank you for your trust over the last 11 years.
The BitMEX Team
@robshfl@noahdummett@CryptoHayes@bendelo@STRML_ You mean the best thing ever *apart from that lying, thieving sack of shit of a boss you had that everyone hated.
Fun memories mate. Do you still have the tomahawk bone?
BitMEX changed my life forever, grateful to have met the founders and consider them friends.
Many mistakes were made, but they played a pivotal role in the industry and the founders success is well deserved.
A true story of novel implementation, great marketing and execution minting a trio of billionaires.