BitMEX, a cryptocurrency derivatives exchange, will delist 65 derivative contracts and trading pairs in July. The move marks a sharp increase from the 19 delistings the exchange conducted in the first six months of the year.
A sharp increase in delistings
The 65 contracts and pairs set for removal in July represent a significant acceleration. In the first half of the year, BitMEX delisted 19 products. The July batch alone surpasses that total by a wide margin.
The exchange has not released a detailed list of the affected products. The delistings cover both derivative contracts and spot trading pairs, according to the announcement.
What traders should do
Traders with open positions in the affected products will need to close them before the delistings take effect. BitMEX has not specified a precise date for the removals beyond July.
The exchange has not said whether it will offer replacement products or introduce new contracts to fill the gap. Traders are advised to monitor their accounts and adjust their strategies accordingly.
The delistings are scheduled for July. BitMEX has not provided further details on the reasons behind the move.
