CRYPTO

BitMEX token crashes 90% as exchange announces shutdown

CointelegraphThursday, July 23, 2026 at 12:47 PM

RedScroll Brief

BitMEX token crashes 90% as exchange announces shutdown — Image via Cointelegraph

BitMEX’s BMEX token plunged about 90% after the exchange announced plans to shut down, ending nearly 12 years in business as its Bitcoin futures market share shrank.

RedScroll Signal

Impact: High
Category: Crypto
Market relevance: High
Why it matters: Crypto moves are a live stress test of liquidity, regulation, and narrative risk. BitMEX’s BMEX token plunged about 90% after the exchange announced plans to shut down, ending nearly 12 years in business as its Bitcoin futures market share shrank. Watch liquidity and volatility around Bitmex and Token — crypto markets reprice narrative risk quickly.

Read original source → COINTELEGRAPH Edition 2026-07-23

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RedScroll Briefing

Extractive editorial brief — not a reprint of the original

What happened

BitMEX’s BMEX token plunged about 90% after the exchange announced plans to shut down, ending nearly 12 years in business as its Bitcoin futures market share shrank.

Why it matters

Crypto moves are a live stress test of liquidity, regulation, and narrative risk.

Background

Cointelegraph reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.

Timeline

Thu, Jul 23, 2026, 7:47 AM EST
Cointelegraph published: BitMEX token crashes 90% as exchange announces shutdown
Now
Story is in today’s RedScroll edition. Follow the original source for updates.

Economic impact

Watch liquidity and volatility around Bitmex and Token — crypto markets reprice narrative risk quickly.

Source

Cointelegraph

Original reporting by Cointelegraph. RedScroll provides an extractive briefing only.