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BitMEX Token BMEX Crashes Over 90% As Exchange Announces Shutdown In September After 11-Year Run
in5points
BitMEX announced it will shut down in September after 11 years of operation.
BitMEX token BMEX crashed over 90% following the announcement.
Decentralized perpetual exchanges like Hyperliquid have reached 13.5% of total open interest.
BitMEX's closure is partly attributed to the shift toward decentralized perpetual exchanges.
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Rajeev Chandrasekhar / Jupiter Capital interests historically