Crypto Exchange Landscape Shifts: BitMEX Shutdown and Korbit Acquisition
Crypto Exchange Landscape Shifts: BitMEX Shutdown and Korbit Acquisition
The cryptocurrency exchange sector is experiencing significant changes, marked by the announcement of derivatives platform BitMEX's planned shutdown in September 2026 after 11 years of operation. Concurrently, South Korean exchange Korbit has undergone a major ownership change, with Mirae Asset Consulting completing its acquisition to become the largest shareholder. Despite these shifts, Korbit assures that trading services and customer asset protections remain unaffected.
BitMEX announced it will shut down operations on Sept. 23, 2026, after owner HDR Global Trading Limited decided to close the crypto exchange.
Mirae Asset Consulting has become Korbit’s largest shareholder after completing its acquisition, with the exchange saying trading and customer asset protections are unchanged.