Dear BitMEX Users, Today, we share with a very heavy heart that BitMEX exchange will shut down its operations, effective 23 September 2026 at 04:00:00 UTC. The owner and operator of BitMEX, HDR Global Trading Limited, has made the difficult decision to close operations following a strategic review of the business. It may not look the same today, but we are proud of our 11+ year legacy and the role we played in shaping the crypto industry. We invented the 100x leverage perpetual swap, which for most of you, was the first step to your crypto trading journey. It is now the most traded financial product in the crypto industry, adopted by thousands of users and exchanges. And we remain proud of our robust security infrastructure, which has allowed us to maintain a flawless track record of 0 customer funds lost to hacks in our entire operating history. We want to reassure you that your assets remain fully safe and under your control during this transition period. This announcement is just to give enough time to ensure a smooth withdrawal process for everyone. From today we strongly encourage all users to close their positions and withdraw their funds as soon as convenient. For more details on the full process, please read our blog: bitmex.com/blog/bitmex-closu… BitMEX was once home to some of the greatest traders today. Our team has dedicated tremendous effort and passion into building the platform into what it is, and we are glad to have reached some of you during your time with us. To everyone who has traded, supported, and grown alongside us - thank you for your trust over the last 11 years. The BitMEX Team

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🧵 Maybe this post can help some of you. There are a few reasons why I prefer shorter duration trades, and my style gears toward that rather than longer holding periods. This is not to say that I do not hold trades for long periods of time, there are many instances where I do, but they simply do not represent the majority. As a caveat, I should start by saying I was trained this way early on and the people trading around me had a very similar approach. 1st - Personality, and this is important, because a lot of you will end up choosing a style based on what you think is cool. The first thing you should do is find what "fits." I like to be close to both the action and the feedback loop, and I get bored easily. Believe it or not, misalignment here is one of the reasons traders struggle initially, and this actually comes in handy for my last point (5) at the end. 2nd - My belief is that mid-frequency trading is probably the most difficult. Over very long periods the market is honest, and over very short periods it can be wildly distorted and create a significant amount of opportunity. The middle ground is where the danger exists. It is also probably the most competitive timeframe, and the hardest one to build a durable edge in.

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