Cryptocurrency exchange BitMEX accelerates the removal of derivative contracts and trading pairs
Cryptocurrency exchange BitMEX accelerated the removal of derivative contracts and trading pairs in July, citing "insufficient trading interest." The move reflects the continued decline in activity on the platform amid its decision to phase out the exchange.
The BitMEX website showed that it removed 21 derivatives contracts in early July; two weeks later, due to lack of trading interest, it removed 9 more spot trading pairs. On July 30, BitMEX once again included 35 derivative contracts in the removal list, bringing the cumulative number of removed contracts in July to 65.
"Due to the lack of interest in trading these contracts and the imminent closure of the BitMEX exchange, we decided to remove them." read in a statement.
BitMEX announced on July 30 that it would stop operating exchange services at 4:00 UTC on September 23, 2026, but did not give specific reasons for the closure, only saying that this was a "strategic assessment of the business and the broader cryptocurrency industry."
In an interview, restructuring consultant Roshan Daria said that the exchange's decline reflects the structural pressures faced by medium-sized centralized exchanges: liquidity is increasingly concentrated among industry top players, and compliance costs continue to rise.

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