Oleg Galeev, founder of OCryptoCanada

Oleg Galeev

BitMEX For Canadians In 2026: Status And Alternatives

Last updated October 2, 2026

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Status Notice: BitMEX shut down its exchange on September 23, 2026, so no one, including Canadians, can trade there any more. Only withdrawals remain. BitMEX says the closure was an owner decision after a business review, unrelated to legal or regulatory issues. My top pick for Canadians is Coinbase, and Kraken is the closest alternative for this case.

BitMEX is not an option for new Canadian users: closed. Kraken is registered in Canada and still trading. BitMEX had already listed Canada as restricted before closing. The comparison pages below are kept as history and for readers who want to see how BitMEX stacked up.

BitMEX Status At A Glance
DetailInfo
StatusCeased trading on September 23, 2026
OperatorHDR Global Trading Limited (Seychelles)
WithdrawalsWebsite withdrawals stay open; API withdrawals end September 28, per CoinDesk
CSA StatusNot on the CSA authorized or banned list

What Should BitMEX Users Use Instead?

Kraken is registered in Canada and still trading. BitMEX had already listed Canada as restricted before closing. My full ranking is in the best crypto exchanges in Canada.

Which BitMEX Comparisons Are There?

What Changed For BitMEX In October 2026?

  • BitMEX ceased trading after 11 years.
  • API withdrawals end; website withdrawals stay open, per CoinDesk.

Frequently Asked Questions

Is BitMEX Available To Canadians?

BitMEX shut down its exchange on September 23, 2026, so no one, including Canadians, can trade there any more. Only withdrawals remain. BitMEX says the closure was an owner decision after a business review, unrelated to legal or regulatory issues.

What Should I Use Instead Of BitMEX?

Kraken is registered in Canada and still trading. BitMEX had already listed Canada as restricted before closing.

Is BitMEX Registered In Canada?

Ceased trading on September 23, 2026. See the status table above for the registry details I checked.

Where Can I See BitMEX Comparisons?

The list on this page links every comparison page on the site that includes BitMEX, kept for reference.

Author

Oleg Galeev, founder of OCryptoCanada

Oleg is a Canadian citizen & crypto expert who has been trading since 2016. He started out with Coinbase, Kraken and Peer-to-Peer exchanges. After some time, centralized exchanges started charging crazy fees to their users.

He decided to review different crypto exchanges that operate in Canada and start a Youtube channel in order to educate Canadians on what kinds of things are going inside each one while giving them unbiased advice. On top of that, Oleg also has experience with NFT, airdrops, and crypto staking and he is constantly checking on new crypto assets.

His writing has been featured in popular Canadian media sources such as Toronto Sun and Ottawa Citizen. 

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