Cryptocurrency exchange BitMart will wind down its trading platform after nine years, halting all trading by August 26 and fully ceasing operations on January 31, 2027:
The closure, attributed vaguely to operating conditions, the market environment, and future strategy, sent BitMart’s BMX token down about 58% in 24 hours, extending a yearlong slide of roughly 70%:
BitMart, which recently reported about $1.6 billion in 24-hour trading volume, is keeping withdrawals open but warns of extra identity and security checks that could delay processing as users rush to exit:
