Wu Blockchain has learned that the veteran cryptocurrency derivatives exchange BitMEX announced today (July 23) that it will officially shut down on September 23 at 04:00 (UTC) and has already stopped accepting new user registrations. BitMEX, founded by Arthur Hayes, was the first to invent and launch the perpetual contract product. Starting August 26, BitMEX will cease opening new positions and gradually enforce liquidation. After facing crackdowns from the U.S. government, Arthur Hayes gradually stepped back from BitMEX's operations. BitMEX's market share has since been overtaken by other offshore exchanges like Binance and Bybit. Over the past few years, BitMEX has been actively seeking acquisition opportunities but failed to close any deals. https://(wublock123.com)/news/bitmex-exchange-to-shut-down-after-failed-sale-65160