{"id":11714,"date":"2026-08-10T14:25:14","date_gmt":"2026-08-10T14:25:14","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=11714"},"modified":"2026-08-10T14:25:14","modified_gmt":"2026-08-10T14:25:14","slug":"bitmex-xbtusd-trading-cutoff-before-shutdown","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=11714","title":{"rendered":"BitMEX XBTUSD trading cutoff before shutdown"},"content":{"rendered":"<p><\/p>\n<div>\n<p>BitMEX recorded 39,449,400 XBTUSD contracts of open interest at 01:55 UTC on Aug. 10 as the exchange approached a two-stage shutdown. BitMEX will block new positions on Aug. 26 and force-close anything still open when exchange services end on Sept. 23.<\/p>\n<p>XBTUSD is an inverse Bitcoin perpetual whose contracts do not expire during normal trading. BitMEX\u2019s contract specification sets each contract at $1 of Bitcoin, so the Aug. 10 count represented $39.45 million of face value, or about 605.45 BTC at the reported mark price of $65,156.99.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/05\/bitcoinperps-1024x576.jpeg\" alt=\"Bitcoin perps just got a US green light, but one catch could decide everything\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/05\/bitcoinperps-1024x576.jpeg\" alt=\"Bitcoin perps just got a US green light, but one catch could decide everything\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin perps just got a US green light, but one catch could decide everything<\/h3>\n<p>Bitcoin perps are finally getting a regulated US route, but leverage limits and liquidity depth remain the real test.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">May 29, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Liam &#8216;Akiba&#8217; Wright<\/span><\/p>\n<\/div><\/div>\n<p>The instrument data is a timestamped snapshot of one market. The $39.45 million figure measures XBTUSD open interest; BitMEX-wide open interest, traders\u2019 net directional exposure and collateral are separate measures.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-553481\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-b3575241-7116-4a18-81e6-ee6e6098cdfc.png\" alt=\"Timeline showing 39,449,400 XBTUSD contracts open on Aug. 10, reduce-only trading on Aug. 26 and final BitMEX closure on Sept. 23.\" width=\"720\" height=\"1402\"\/><img decoding=\"async\" class=\"lazyload aligncenter wp-image-553481\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-b3575241-7116-4a18-81e6-ee6e6098cdfc.png\" alt=\"Timeline showing 39,449,400 XBTUSD contracts open on Aug. 10, reduce-only trading on Aug. 26 and final BitMEX closure on Sept. 23.\" width=\"720\" height=\"1402\"\/><\/p>\n<h2>BitMEX XBTUSD market becomes exit-only on Aug. 26<\/h2>\n<p>At 04:00 UTC on Aug. 26, BitMEX plans to apply risk limits that stop users from opening new positions, according to its closure notice. Holders can still reduce existing positions, giving them just over 16 days from the snapshot to decide how much exposure to exit before the restriction begins. The restriction makes XBTUSD an exit-only market: holders can cut their contract count, while BitMEX will bar orders that increase exposure. BitMEX says the exchange otherwise operates normally until closure, subject to those risk limits.<\/p>\n<p>From the Aug. 26 switch until shutdown, BitMEX says it may force-close positions at its sole discretion as part of the wind-down. BitMEX may route contracts with limited liquidity through early-settlement procedures after notice under the exchange\u2019s usual process. The open-interest figure describes the size of the remaining XBTUSD book and does not forecast trading losses.<\/p>\n<div id=\"cs-inline-newsletter-6a79de0da4c36\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\">CryptoSlate Daily Brief<\/span><\/p>\n<h3 class=\"cs-inline-newsletter__title\">Daily signals, zero noise.<\/h3>\n<p class=\"cs-inline-newsletter__copy\">Market-moving headlines and context delivered every morning in one tight read.<\/p>\n<p> <span><i class=\"fa-regular fa-bolt\" aria-hidden=\"true\"\/> 5-minute digest<\/span> <span><i class=\"fa-regular fa-star\" aria-hidden=\"true\"\/> 100k+ readers<\/span><\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__privacy\">Free. No spam. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span>You\u2019re subscribed. Welcome aboard.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/bitcoin-liquidity-test-etf-flows-to-leverage-depth-1024x576.jpg\" alt=\"Bitcoin price is being held up by $79B in futures market bets that could unwind fast\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/bitcoin-liquidity-test-etf-flows-to-leverage-depth-1024x576.jpg\" alt=\"Bitcoin price is being held up by $79B in futures market bets that could unwind fast\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin price is being held up by $79B in futures market bets that could unwind fast<\/h3>\n<p>BTC&#8217;s futures activity has surged as ETF inflows resume, creating a market that could extend higher or unwind quickly if liquidity fades.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Jul 8, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Oluwapelumi Adejumo<\/span><\/p>\n<\/div><\/div>\n<p>BitMEX will force-close any position still open at 04:00 UTC on Sept. 23. Waiting for that final deadline therefore leaves the execution timing with BitMEX, while exiting earlier lets a trader choose when to reduce the position before the exchange intervenes.<\/p>\n<p>Exchange services will stop at the Sept. 23 deadline. BitMEX says users will retain limited account access afterward to view wallet balances and transaction history and to request withdrawals.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/ascendex-platform-shutdown-withdrawal-timeline-1024x576.jpg\" alt=\"AscendEX shuts down after MiCA miss and warns some withdrawals may not be processed\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/07\/ascendex-platform-shutdown-withdrawal-timeline-1024x576.jpg\" alt=\"AscendEX shuts down after MiCA miss and warns some withdrawals may not be processed\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">AscendEX shuts down after MiCA miss and warns some withdrawals may not be processed<\/h3>\n<p>Automated payouts are paused after a failed liquidity deal, leaving customers without assurances on timing or amounts.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Jul 10, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Liam &#8216;Akiba&#8217; Wright<\/span><\/p>\n<\/div><\/div>\n<p>BitMEX announced the closure on July 23, saying the board of its owner and operator, HDR Global Trading Limited, made the decision after a strategic review. KYC-verified users who leave assets on the platform after closure will face a monthly account-fee assessment based on the greater of $50 equivalent or 1% per year of the remaining balance. BitMEX said later fee increases would be communicated in advance.<\/p>\n<\/div>\n<p>Exchanges,Featured,Trading,Bitcoin,bitmex,BTCBitcoin,bitmex,BTC#BitMEX #XBTUSD #trading #cutoff #shutdown1786371914<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitMEX recorded 39,449,400 XBTUSD contracts of open interest at 01:55 UTC on Aug. 10 as the exchange approached a two-stage shutdown. BitMEX will block new positions on Aug. 26 and force-close anything still open when exchange services end on Sept. 23. XBTUSD is an inverse Bitcoin perpetual whose contracts do not expire during normal trading.<\/p>\n","protected":false},"author":1,"featured_media":11715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,5653,285,4934,1794,244,6155],"class_list":["post-11714","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-bitcoin","tag-bitmex","tag-btc","tag-cutoff","tag-shutdown","tag-trading","tag-xbtusd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitMEX XBTUSD trading cutoff before shutdown - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"BitMEX will block new XBTUSD positions on Aug. 26 and force-close open contracts on Sept. 23 as the exchange winds down.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=11714\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BitMEX XBTUSD trading cutoff before shutdown\" \/>\n<meta property=\"og:description\" content=\"BitMEX will block new XBTUSD positions on Aug. 26 and force-close open contracts on Sept. 23 as the exchange winds down.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=11714\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-10T14:25:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitmex-xbtusd-unwind-clock.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11714\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=11714\",\"name\":\"BitMEX XBTUSD trading cutoff before shutdown - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11714#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11714#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitmex-xbtusd-unwind-clock.jpg\",\"datePublished\":\"2026-08-10T14:25:14+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"BitMEX will block new XBTUSD positions on Aug. 26 and force-close open contracts on Sept. 23 as the exchange winds down.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11714#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=11714\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11714#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitmex-xbtusd-unwind-clock.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitmex-xbtusd-unwind-clock.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=11714#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BitMEX XBTUSD trading cutoff before shutdown\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; Bitcoin News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptonews.uk.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\",\"name\":\"\u884c\u653f\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g\",\"caption\":\"\u884c\u653f\"},\"sameAs\":[\"http:\/\/demo3.aiwalls.com\/coinbase\"],\"url\":\"https:\/\/cryptonews.uk.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"BitMEX XBTUSD trading cutoff before shutdown - Crypto News: Latest Cryptocurrency News and Analysis","description":"BitMEX will block new XBTUSD positions on Aug. 26 and force-close open contracts on Sept. 23 as the exchange winds down.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonews.uk.com\/?p=11714","og_locale":"en_US","og_type":"article","og_title":"BitMEX XBTUSD trading cutoff before shutdown","og_description":"BitMEX will block new XBTUSD positions on Aug. 26 and force-close open contracts on Sept. 23 as the exchange winds down.","og_url":"https:\/\/cryptonews.uk.com\/?p=11714","og_site_name":"Crypto News: Latest Cryptocurrency News and Analysis","article_published_time":"2026-08-10T14:25:14+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitmex-xbtusd-unwind-clock.jpg","type":"image\/jpeg"}],"author":"\u884c\u653f","twitter_card":"summary_large_image","twitter_misc":{"Written by":"\u884c\u653f","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptonews.uk.com\/?p=11714","url":"https:\/\/cryptonews.uk.com\/?p=11714","name":"BitMEX XBTUSD trading cutoff before shutdown - Crypto News: Latest Cryptocurrency News and Analysis","isPartOf":{"@id":"https:\/\/cryptonews.uk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptonews.uk.com\/?p=11714#primaryimage"},"image":{"@id":"https:\/\/cryptonews.uk.com\/?p=11714#primaryimage"},"thumbnailUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitmex-xbtusd-unwind-clock.jpg","datePublished":"2026-08-10T14:25:14+00:00","author":{"@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf"},"description":"BitMEX will block new XBTUSD positions on Aug. 26 and force-close open contracts on Sept. 23 as the exchange winds down.","breadcrumb":{"@id":"https:\/\/cryptonews.uk.com\/?p=11714#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptonews.uk.com\/?p=11714"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/?p=11714#primaryimage","url":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitmex-xbtusd-unwind-clock.jpg","contentUrl":"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitmex-xbtusd-unwind-clock.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/cryptonews.uk.com\/?p=11714#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptonews.uk.com\/"},{"@type":"ListItem","position":2,"name":"BitMEX XBTUSD trading cutoff before shutdown"}]},{"@type":"WebSite","@id":"https:\/\/cryptonews.uk.com\/#website","url":"https:\/\/cryptonews.uk.com\/","name":"Crypto News: Latest Cryptocurrency News and Analysis","description":"Latest Crypto &amp; Bitcoin News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptonews.uk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf","name":"\u884c\u653f","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptonews.uk.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e4c2d23409b09e004cef3facbe677e95c5401f9e29680f3a311e0130c5748089?s=96&d=mm&r=g","caption":"\u884c\u653f"},"sameAs":["http:\/\/demo3.aiwalls.com\/coinbase"],"url":"https:\/\/cryptonews.uk.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/11714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11714"}],"version-history":[{"count":0,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/posts\/11714\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=\/wp\/v2\/media\/11715"}],"wp:attachment":[{"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptonews.uk.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}