BitMEX announces shutdown
BitMEX announced its shutdown, with its statement providing minimal details. The announcement came three days apart from BitMart's similar shutdown announcement, and observers note both statements say almost nothing about the reasons for closure.
Detected & updated continuously · Source: Nebula
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@BenX_HQ
BitMEX and BitMart announced shutdowns three days apart and both statements say almost nothing, which usually means the economics just stopped working. Compliance and audit costs scale badly if you're mid-tier, so I'd expect a couple more before year end.
@mizzyonchain
CEX are folding, some winding down, the numbers we saw this year alone is alarming; which includes BitMart, BitMEX, and AscendEX So, apparently DEX is the way to go and as we speak on-chain perp DEXs are multiplying across ecosystems with Hyperliquid Taking the lead Managing