BitMEX Sets Close-Only Risk Limits Ahead Of September Wind-Down

BitMEX will move into strict risk-limit mode on August 26 as part of its planned exchange wind-down.
Starting at 04:00 UTC, users will only be able to close or reduce existing positions. New positions will no longer be allowed. Trading services are scheduled to permanently cease on September 23 at 04:00 UTC, according to the exchange’s official notice.
BitMEX has described the process as a voluntary and orderly business wind-down following a strategic review.
That distinction matters.
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