coin-img-ETHETH-0.17%coin-img-BTCBTC-0.60%coin-img-SOLSOL+0.34%coin-img-USDCUSDC-0.02%coin-img-XRPXRP-0.43%coin-img-FLYAIFLYAI-84.43%coin-img-HYPEHYPE+1.46%coin-img-TRXTRX-0.87%coin-img-ETHETH-0.17%coin-img-BTCBTC-0.60%coin-img-SOLSOL+0.34%coin-img-USDCUSDC-0.02%coin-img-XRPXRP-0.43%coin-img-FLYAIFLYAI-84.43%coin-img-HYPEHYPE+1.46%coin-img-TRXTRX-0.87%coin-img-ETHETH-0.17%coin-img-BTCBTC-0.60%coin-img-SOLSOL+0.34%coin-img-USDCUSDC-0.02%coin-img-XRPXRP-0.43%coin-img-FLYAIFLYAI-84.43%coin-img-HYPEHYPE+1.46%coin-img-TRXTRX-0.87%coin-img-ETHETH-0.17%coin-img-BTCBTC-0.60%coin-img-SOLSOL+0.34%coin-img-USDCUSDC-0.02%coin-img-XRPXRP-0.43%coin-img-FLYAIFLYAI-84.43%coin-img-HYPEHYPE+1.46%coin-img-TRXTRX-0.87%

BitMEX's BMEX Token Slides 92.05% in 24 Hours to $0.004757

AI Market Summary
BitMEX's platform token BMEX collapsed over 90% intraday after the exchange reiterated its September 23 shutdown and halted new user registrations. The move signals acute counterparty and venue-specific risk, likely pressuring liquidity and market-making activity tied to BitMEX. Spillover to broader crypto should be limited, but it may weigh on sentiment toward exchange tokens and smaller trading venues.
Impact level
● Medium
Affected assets
NCSKBMNR2USD/USDT+2.10%
AI Insight · NCSKBMNR2USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
BMEX, the exchange token issued by BitMEX, sank as low as $0.001112 on Wednesday, according to market data. The token is down 92.05% over the past 24 hours and was last trading at $0.004757. BitMEX previously said it will shut down its exchange on Sept. 23 and has already stopped accepting new user registrations.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.