{"id":78577,"date":"2026-09-23T23:31:11","date_gmt":"2026-09-23T23:31:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitmex-crypto-exchange-closes-funds-left-behind-face-new-account-fees\/"},"modified":"2026-09-23T23:31:11","modified_gmt":"2026-09-23T23:31:11","slug":"bitmex-crypto-exchange-closes-funds-left-behind-face-new-account-fees","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitmex-crypto-exchange-closes-funds-left-behind-face-new-account-fees\/","title":{"rendered":"Bitmex Crypto Exchange Closes; Funds Left Behind Face New Account Fees"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitmex exchange operations ended at 12:00 a.m. on Sept. 23.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Users can still withdraw funds, but new deposits will not be credited.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Verified users face fees on balances left after the closure.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitmex Trading Ends, but Withdrawals Remain Open<\/h2>\n<p>Users with funds on Bitmex can still access their accounts and request withdrawals after the crypto derivatives exchange ended operations at 12:00 a.m. EDT on Sept. 23. In its <a href=\"https:\/\/bitmex.com\/blog\/bitmex-closure-live\" target=\"_blank\" rel=\"noopener noreferrer\">closure update<\/a>, Bitmex urged users to withdraw their remaining balances as soon as possible. Deposits are no longer credited, and the company warned users against sending more funds to its addresses.<\/p>\n<p>The exchange confirmed the shutdown in a <a href=\"https:\/\/x.com\/BitMEX\/status\/2102609179982917952\" target=\"_blank\" rel=\"noopener noreferrer\">Sept. 23 post on X<\/a>, stating, \u201cYour funds remain completely safe.\u201d Login and withdrawals remain available through its web platform, while trading has ended. Users should check the email address associated with their accounts for withdrawal instructions and operational updates, the company added.<\/p>\n<p>The closure follows a wind-down that began with Bitmex\u2019s <a href=\"https:\/\/bitmex.com\/blog\/bitmex-closure\" target=\"_blank\" rel=\"noopener noreferrer\">July 23 announcement<\/a>. Owner and operator HDR Global Trading Limited stopped new registrations that day, then restricted traders from opening positions starting Aug. 26. Bitmex said it would force-close positions during the wind-down and immediately close any still open at the shutdown time.<\/p>\n<h2>How the New Account Fee Works<\/h2>\n<p>Balances left on the exchange after the closure are subject to an account fee for users who completed identity verification. Under the terms in Bitmex\u2019s Sept. 23 post, the fee is $50 equivalent or 1% per year, whichever is greater, charged monthly. The 1% figure is an annual rate, even though billing occurs each month.<\/p>\n<p>Bitmex\u2019s July notice described the $50 equivalent charge as applying to accounts holding no more than that amount, and said the fee would increase over time if balances are not withdrawn, with increases communicated in advance. The company has urged users with withdrawable balances to remove them.<\/p>\n<p>Withdrawal access may involve further checks during the shutdown. Bitmex said it is rolling out identity verification updates, cooldown periods, and a simplified website experience in stages. It also warned that additional reviews, heavy withdrawal demand, and blockchain confirmation times could delay processing. A withdrawal marked \u201cProcessing\u201d remains queued for submission to the blockchain, according to the exchange.<\/p>\n<p>Users moving bitcoin from an exchange to a wallet take responsibility for the destination address and, with a <a href=\"https:\/\/www.bitcoin.com\/get-started\/wallet-security\/wallets-custody\/setting-up-your-own-cold-storage-bitcoin-wallet\/\" target=\"_blank\" rel=\"noopener noreferrer\">self-custodial wallet<\/a>, its private keys. Bitmex has also warned about phishing attempts that promise faster withdrawals. The company stated in July that it offers no priority or expedited withdrawal service.<\/p>\n<h2>Closure Ends More Than a Decade of Trading<\/h2>\n<p>Bitmex launched in 2014 and became closely associated with crypto perpetual swaps, or derivatives contracts that have no expiration date. Its <a href=\"https:\/\/news.bitcoin.com\/opinion-and-analysis\/bitmex-the-end-of-an-era\/\">July shutdown timeline<\/a> traced the restrictions placed on trading before the Sept. 23 closure. The distinction for account holders now is direct: exchange services have ended, while access to withdraw remaining assets continues.<\/p>\n<p>The <a href=\"https:\/\/news.bitcoin.com\/bitmex-closes-doors-as-the-perpetual-swap-it-invented-rules-rivals\/\">perpetual swap pioneered by Bitmex<\/a> spread to competing trading platforms over the exchange\u2019s operating life. Bitmex\u2019s closure ends its role as a trading venue, but its July notice said users would retain access to balances and historical transaction information while withdrawing funds.<\/p>\n<p>Before the closure decision, then Bitmex Group CEO Stephan Lutz discussed <a href=\"https:\/\/news.bitcoin.com\/bitmex-ceo-says-regulation-opens-doors-but-liquidity-still-decides-winners\/\">competition among derivatives venues<\/a> and the importance of liquidity to traders. Bitmex attributed its decision to shut down to a strategic review of its business and the broader crypto industry. Its remaining operation is focused on accounts and withdrawals.<\/p>\n<div class=\"not-prose my-3 lg:my-4\"><a aria-label=\"Read Now: President Trump Clears Bitmex Founders\u2019 Convictions\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 flex flex-col md:hidden\" href=\"https:\/\/news.bitcoin.com\/president-trump-clears-bitmex-founders-money-laundering-convictions\/\"><\/p>\n<div class=\"relative aspect-video w-full overflow-hidden rounded-[15px]\"><\/p>\n<h3 class=\"absolute inset-x-0 bottom-0 m-0 p-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-white\">President Trump Clears Bitmex Founders\u2019 Convictions<\/h3>\n<\/div>\n<div class=\"flex flex-col gap-2.5 px-1 pt-2.5 pb-1\">\n<p class=\"m-0 line-clamp-2 text-xs leading-[1.3] !text-[#67656E]\">President Donald Trump pardoned Bitmex co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed on March 27, 2025, clearing their 2022\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: President Trump Clears Bitmex Founders\u2019 Convictions\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden md:flex md:flex-row md:gap-3 lg:hidden\" href=\"https:\/\/news.bitcoin.com\/president-trump-clears-bitmex-founders-money-laundering-convictions\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"President Trump Clears Bitmex Founders\u2019 Convictions\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-between gap-2\">\n<h3 class=\"m-0 line-clamp-3 text-xl font-bold capitalize leading-[1.17] tracking-[-0.4px] !text-[#1C1C1C]\">President Trump Clears Bitmex Founders\u2019 Convictions<\/h3>\n<p class=\"m-0 line-clamp-2 text-sm leading-[1.3] !text-[#67656E]\">President Donald Trump pardoned Bitmex co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed on March 27, 2025, clearing their 2022\u2026<\/p>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-[38px] w-full\">Read Now<\/span><\/div>\n<p><\/a><a aria-label=\"Read Now: President Trump Clears Bitmex Founders\u2019 Convictions\" class=\"block overflow-hidden rounded-lg !bg-[#E8EDFA] p-[9px] no-underline focus-visible:outline-none focus-visible:ring-2 focus-visible:ring-[#4169E1] focus-visible:ring-offset-2 hidden lg:flex lg:flex-row lg:gap-4\" href=\"https:\/\/news.bitcoin.com\/president-trump-clears-bitmex-founders-money-laundering-convictions\/\"><\/p>\n<div class=\"relative size-[150px] min-w-[150px] shrink-0 overflow-hidden rounded-[15px]\"><img alt=\"President Trump Clears Bitmex Founders\u2019 Convictions\" loading=\"lazy\" decoding=\"async\" data-nimg=\"fill\" class=\"object-cover\" style=\"position:absolute;height:100%;width:100%;left:0;top:0;right:0;bottom:0;color:transparent\" sizes=\"150px\" srcset=\"\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=32&amp;q=75 32w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=48&amp;q=75 48w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=64&amp;q=75 64w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=128&amp;q=75 128w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=256&amp;q=75 256w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=384&amp;q=75 384w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=640&amp;q=75 640w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=828&amp;q=75 828w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=1080&amp;q=75 1080w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=1200&amp;q=75 1200w, \/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=1920&amp;q=75 1920w\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=https%3A%2F%2Fstatic.news.bitcoin.com%2Fwp-content%2Fuploads%2F2025%2F03%2Fpresident-trump-clears-bitmex-founders-money-laundering-convictions-150x150.png&amp;w=1920&amp;q=75\"\/><\/p>\n<div class=\"absolute left-2 top-2\"><img alt=\"Bitcoin.com News\" loading=\"lazy\" width=\"28\" height=\"28\" decoding=\"async\" data-nimg=\"1\" class=\"size-7\" style=\"color:transparent\" srcset=\"\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=32&amp;q=75 1x, \/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75 2x\" src=\"https:\/\/news.bitcoin.com\/_next\/image\/?url=%2Fimages%2Fuploads%2Fbitcoin_news_newlogo.svg&amp;w=64&amp;q=75\"\/><\/div>\n<\/div>\n<div class=\"flex min-w-0 flex-1 flex-col justify-center gap-2\">\n<p><h3 class=\"m-0 min-w-0 flex-1 line-clamp-2 text-2xl font-bold capitalize leading-[1.17] tracking-[-0.48px] !text-[#1C1C1C]\">President Trump Clears Bitmex Founders\u2019 Convictions<\/h3>\n<p><span aria-hidden=\"true\" class=\"flex items-center justify-center rounded-pill bg-[#4169E1] text-sm font-medium text-white h-12 w-[180px] shrink-0\">Read Now<\/span><\/p>\n<p class=\"m-0 line-clamp-2 text-base leading-[1.3] !text-[#67656E]\">President Donald Trump pardoned Bitmex co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed on March 27, 2025, clearing their 2022\u2026<\/p>\n<\/div>\n<p><\/a><\/div>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/exchanges\/bitmex-crypto-exchange-closes-funds-left-behind-face-new-account-fees\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitmex exchange operations ended at 12:00 a.m. on Sept. 23. Users can still withdraw funds, but new deposits will not be credited. Verified users face fees on balances left after the closure. Bitmex Trading Ends, but Withdrawals Remain Open Users with funds on Bitmex can still [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":78578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78577"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=78577"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/78577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/78578"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=78577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=78577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=78577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}