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BitMEX Crypto : BMEX Token Crashes 96.7% After Exchange Shutdown Announcement
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
BitMEX announced it will permanently shut down its crypto exchange on September 23, 2026, after stopping new account registrations. From August 26, the platform will begin reducing risk limits, with users required to close positions and withdraw funds before the closure. Following the announcement, the BMEX token plunged 96.7% to around $0.002. The sharp decline came as the token lost its core utility, including trading fee discounts, staking rewards, and other exchange-linked benefits.
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