BitMEX settles 35 contracts ahead of Sept. 23 shutdown

BitMEX settled 35 listed derivative contracts and closed remaining positions on July 30 as part of the exchange wind-down ahead of a planned end of services at 04:00 UTC on Sept. 23. Public records show 33 contracts carried settlement timestamps of 12:00:05 UTC; EURUSD and USDCHF settled at 12:32:25 and 12:33:25 UTC.

Before settlements, the exchange fixed the final funding rate, labeled F0, at 04:00 UTC using prices from the previous eight hours. It then stopped calculating new funding and set the next funding rate to zero. Trading continued until each contract’s settlement time; open orders were canceled and remaining positions were closed at the posted settlement prices.

The exchange did not charge a settlement fee. Each contract’s lifetime profit or loss was added to users’ Bitcoin or Tether balances, and affected contracts were removed from users’ Positions views. Exchange documents attribute the delistings to insufficient trading interest and describe the closures as early settlements rather than margin liquidations.

Settlement records cover token, spot-linked and tokenized equity contracts. Sample finished prices posted by the exchange include MSFT at about $428.84, NVDA near $193.59, TSLA around $303.91, WTI at about $83.56 and Brent near $87.22. Final prices were also published for crypto pairs and altcoin contracts, including an XBT/ETH rate.

Service restrictions began in July when new user registrations were halted on July 23. From 04:00 UTC on Aug. 26 users will be limited to reducing positions only, and the exchange may force-close positions during that window. Exchange services are scheduled to end at 04:00 UTC on Sept. 23; any positions remaining at closure will be force-closed. Users will retain account access to view balances and withdraw funds after services end.

A post-closure fee policy applies to KYC-verified accounts that leave assets on the platform after services end. Those accounts may incur a monthly charge equal to the larger of $50 equivalent or an annualized 1% fee.

The exchange’s public settlement log lists timestamps and final prices for all 35 contracts closed on July 30.