BitMEX opens withdrawals to customers in six restricted jurisdictions

BitMEX opened withdrawal access to customers in six jurisdictions it previously restricted. The jurisdictions are the United States, Canada, Hong Kong SAR, Bermuda, Seychelles and Myanmar. Users in those jurisdictions can log in with existing credentials. Users can complete identity verification where required. Users can submit withdrawal requests for funds remaining in their accounts. BitMEX ended exchange operations at 04:00 UTC on Sept. 23. The company lifted the geographic restrictions only to facilitate fund recovery. Customers in Cuba, Iran, North Korea and several Russian-occupied regions of Ukraine remain restricted under applicable sanctions rules. Withdrawals from those accounts remain subject to compliance checks. Iranian nationals living outside Iran can request withdrawals if they are not subject to United States, United Nations or European Union sanctions. Those applicants must provide evidence that they live outside Iran. Russian nationals living in the European Union or Switzerland can also seek access. Those applicants must provide documents proving residence. BitMEX said all withdrawals remain subject to monitoring. BitMEX has told users not to send new deposits because it no longer credits incoming funds. Existing balances can be withdrawn through the web platform subject to asset minimums and network fees. Remaining funds may begin attracting account charges as the wind-down progresses. BitMEX pleaded guilty in 2024 to violating the United States Bank Secrecy Act. The company agreed to pay $100 million in penalties. President Donald Trump pardoned the platform's founders in March 2025.