BitMEX plans to delist 35 derivative contracts on July 30, citing insufficient trading interest and the broader decision to shut down the exchange. The contracts include crypto perpetuals like AAVEUSDT, SHIBUSDT, and XMRUSDT, equity-linked products tied to TSLA, NVDA, and GOOGL, forex pairs such as EURUSD and USDJPY, and commodities like WTIUSDT and NATGASUSDT. Even the old XBTETH cross-margin pair is on the list.
The process starts at 04:00 UTC on July 30 (“Tstart”). Until then, trading runs normally. At Tstart, BitMEX calculates one final funding rate using the previous eight hours of data. After that, funding stops – the next rate is set to zero. Contract pages will show early settlement details.
At 12:00 UTC (“Tsettle”), all 35 contracts expire. Trading ceases, all open orders are canceled, and final funding is exchanged between longs and shorts based on that last calculated rate. Settlement prices come from BitMEX’s standard indices, for example .BAAVET30M for AAVEUSDT or .BTSLAT30M for TSLA.
The wind-down of BitMEX has been gradual, but this delisting marks a clean break for these products. Traders still holding positions in any of the 35 contracts must either close them before the 04:00 UTC cutoff or accept mandatory cash settlement four hours later. No further rollovers or price adjustments are possible after that point.
For anyone with open exposure, the key milestone is the funding rate calculation at 04:00 UTC on July 30. After that, only final settlement remains. The exchange has not announced any new contracts or replacement products.
BitMEX to end trading in 35 derivative contracts July 30 as it shuts down
BitMEX, a crypto exchange, plans to end trading in 35 derivative contracts on July 30 because they have too little trading interest and the exchange is shutting down. Traders with open positions must close them before 04:00 UTC or accept cash settlement at 12:00 UTC, when BitMEX will cancel open orders and end the contracts.