$MARA
Cooling DownSnapshot Window: 2026-07-24 12:30 UTC · ← Back to Crypto Overview
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Verbatim Community Citations & Social Evidence 1 source posts analyzed
Perpetual contract pioneer BitMEX announces "permanent closure on 9/23," token plummets 99% overnight to zero... On September 23, it will permanently halt trading, and on the same day, it faces a class-action lawsuit accusing its liquidation system of being "engineered" to [Spoken audio]: is closing its doors permanently on September 23rd and they've already stopped new signups. The exchange that basically invented perpetual swaps is walking away after 11 years. Think of it like that local diner that invented the breakfast burrito only to close down. The idea outlived the place. The real impact is that traders have to move their money elsewhere which scatters liquidity across smaller less reliable venues. Why this matters is that that we're already in a correction, so losing a major spot adds friction when people are already nervous. Keep an eye on daily trading volume after September 23rd. If Binance and OKX soak up that flow, they'll just get bigger. But if volume shrinks across the board, it means risk appetite is actually weaker than the charts are showing.
