CME · News · 20260923N

Cryptocurrency Derivatives Competition

CME GROUP INC. · 2026-09-23 · Importance 31 · Surprise 42

BitMEX, the cryptocurrency exchange known for popularizing perpetual swap contracts, ceased operations on September 23, 2026, after 11 years. The shutdown leaves BitMEX customers seeking alternative trading venues for cryptocurrency derivatives. The event could alter competitive dynamics and redirect trading activity among surviving exchanges, including CME Group, although no specific migration volume or financial impact was reported.