BitMEX wipes out 35 derivatives as exchange shutdown approaches with punishing post-closure fees

BitMEX settled 35 derivatives today, July 30, closing any remaining positions and canceling open orders as the exchange moved another step toward its September shutdown.

BitMEX’s settlement log shows 33 contracts closing almost on the stroke of noon, at 12:00:05 UTC. EURUSD and USDCHF followed at 12:32:25 and 12:33:25 UTC. With prices now posted for the full 35-contract batch, the early settlement flagged in BitMEX’s July 22 notice is complete.

BitMEX attributed the delistings to insufficient trading interest and its planned exchange shutdown. It described the process as an early settlement, not a margin liquidation.

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Before settlement, the contracts traded normally until 04:00 UTC, when BitMEX fixed the final funding rate, known as F0, using prices from the preceding eight hours. It then stopped calculating new funding and set the next funding rate to zero. The checkpoint established the funding input for settlement but did not end trading; that occurred at 12:00 UTC.

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The table pairs each contract with the 30-minute reference index from BitMEX’s notice and the settled price now shown in the exchange’s public records.

Contract Settlement index Settled price AAVEUSDT .BAAVET30M 98.249 APEUSDT .BAPET30M 0.1369 AUDUSD .BAUDUSD30M 0.6979 AVAXUSDT .BAVAXT30M 6.4892 BRENTUSDT .BBRENTT30M 87.22 COINUSDT .BCOINT30M 162.74 CRCLUSDT .BCRCLT30M 62.43 CRVUSDT .BCRVT30M 0.21052 DOTUSDT .BDOTT30M 0.7677 EURUSD .BEURUSD30M 1.1468 FILUSDT .BFILT30M 0.6955 GBPUSD .BGBPUSD30M 1.3379 GOOGLUSDT .BGOOGLT30M 337.83 GRAMUSDT .BGRAMT30M 1.4325 HOODUSDT .BHOODT30M 90.55 INTCUSDT .BINTCT30M 84.03 LINKUSDT .BLINKT30M 8.4382 LOTUSDT .BLOTT30M 0.006185 MSFTUSDT .BMSFTT30M 428.84 MSTRUSDT .BMSTRT30M 95.64 NATGASUSDT .BNATGAST30M 2.7052 NVDAUSDT .BNVDAT30M 193.59 OPNUSDT .BOPNT30M 0.04626 SEIUSDT .BSEIT30M 0.042 SHIBUSDT .BSHIBT30M 0.000004631 TSLAUSDT .BTSLAT30M 303.91 UNIUSDT .BUNIT30M 4.1133 USDCAD .BUSDCAD30M 1.4047 USDCHF .BUSDCHF30M 0.8133 USDJPY .BUSDJPY30M 162.97 WTIUSDT .BWTIT30M 83.56 XBTETH .BXBTETH30M 33.6603 XMRUSDT .BXMRT30M 359.41 XPTUSDT .BXPTT30M 1624.95 ZECUSDT .BZECT30M 476.04 What settlement changed

The affected contracts expired, trading ended, and open orders were canceled. BitMEX exchanged funding based on F0 before closing remaining positions at the listed settlement prices. The exchange charged no settlement fee, added each contract's lifetime profit or loss to the user's Bitcoin or Tether balance, and removed the contracts from the Positions section.

The settlements were one step in a wider wind-down. BitMEX's July 23 closure notice says new registrations stopped immediately. From 04:00 UTC on Aug. 26, users will only be able to reduce positions, and the venue may force-close positions before exchange services end at 04:00 UTC on Sept. 23. Any position remaining at closure will be force-closed, although users will retain account access to view balances and withdraw funds.

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BitMEX said KYC-verified users who leave assets on the platform after closure may face an account fee, billed monthly, equal to the greater of $50 equivalent or 1% per year.

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