Cryptocurrency exchange BitMEX accelerated the delisting of derivatives contracts and trading pairs in July due to “insufficient trading interest,” providing insight into the decline in activity on the platform surrounding its decision to terminate the exchange.
The BitMEX website watch. watch that at the beginning of July, it delisted 21 derivative contracts; two weeks later, BitMEX delisted nine spot pairs due to a lack of trading interest. On Thursday, BitMEX added 35 more derivative contracts to the queue for delisting, totaling 65 delistings in July.
“We have decided to delist these contracts due to insufficient commercial interest in these contracts and the closure of the BitMEX exchange,” it says. said in a statement.
Cointelegraph’s analysis of BitMEX delisting announcements over the past year shows that 65 crypto instruments are expected to be delisted in July, up from 19 in the first half.
BitMEX announcement On Thursday, it will cease its exchange services in September. December 23, 2026, at 4:00 UTC, but did not give a specific reason for the closure, saying only that it followed a “strategic review of the company and the broader crypto industry.”
Talk to CointelegraphAccording to restructuring advisor Roshan Dharia, the exchange’s demise reflects the structural pressures facing mid-sized centralized exchanges, where liquidity is increasingly concentrated among the industry’s largest players and regulatory compliance costs continue to rise.
