BitMEX’s BMEX token plunged about 90% after the change introduced plans to close down, ending almost 12 years in enterprise as its Bitcoin futures market share shrank.
BitMEX’s utility token misplaced nearly all of its worth after the change introduced Thursday it could wind down operations.
The BitMEX (BMEX) token plunged 90% to as little as $0.002 from $0.06, in line with CoinGecko knowledge. It traded at $0.0063 on the time of writing.
The token, which had traded close to $0.06 in current weeks, started falling at round 7:00 am UTC, roughly an hour earlier than BitMEX introduced the shutdown on X.
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