BitMEX

BitMEX was a cryptocurrency derivatives exchange that pioneered the trading of perpetual swaps, allowing users to speculate on the future price of digital assets without an expiration date.

Why it’s in the news: It is in the news now because it has officially shut down after 11 years, following the collapse of a sale, lawsuits from creditors like Celsius, and proposed class-action suits from users.

Latest on BitMEX

• BitMEX shuts down: perpetuals pioneer officially closes it doors after 11 years
• Celsius sues BitMEX for $495 million over 2020 crash liquidations
• BitMEX sale collapsed as buyers balked at founder ownership and shrinking business
• BitMEX and BitMart may be first casualties of crypto trading slump
• BitMEX faces proposed class-action suit for theft, insider trading as crypto exchange shuts down
• BitMEX shuts down operations

Connections

5 entities linked to BitMEX across the news graph.