In brief
BitMart said Sunday it will wind down its trading platform after nine years, halting all trading on August 26 and ceasing operations on January 31, 2027.
Its BMX exchange token has crashed by more than 80% over the past week, cutting its market cap to $19.5 million.
It is the second major exchange to announce a shutdown in a week, following BitMEX.
Crypto exchange BitMart said Sunday it will wind down its trading platform after nine years, sending its BMX token crashing and marking the second major crypto exchange to announce its closure in a week.The exchange stopped taking new registrations, deposits, and orders from 01:30 UTC on Sunday. All spot and derivatives trading ends August 26, and the platform formally shuts on January 31, 2027.
