CRYPTO
BitMEX token crashes 90% as exchange announces shutdown
CointelegraphThursday, July 23, 2026 at 12:47 PM
RedScroll Brief
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.
Desk copy
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
Cointelegraph published: BitMEX token crashes 90% as exchange announces shutdown
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.
More on
Token
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Sources
Cointelegraph — original reporting. RedScroll provides an extractive briefing only.