BitMart to shut down after nine years
Cryptocurrency exchange BitMart will wind down its trading platform after nine years, halting all trading by Aug. 26 and fully ceasing operations on Jan. 31, 2027.
The closure 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.