CoinDesk·3 min read·medium
Crypto exchange BitMart to shut down after nine years, BMX token crashes 58%
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Shaurya Malwa
✦AI Summary
Crypto exchange BitMart has announced it will shut down its operations by January 2027, following a similar move by BitMEX earlier in the week. The platform's native token, BMX, plummeted 58% following the news, despite the exchange reporting significant trading volumes.
It is the second crypto exchange to announce a closure in the same week, with perpetuals trading powerhouse BitMEX saying Thursday it would shut down after 11 years, as CoinDesk reported .
businesscryptoeconomy
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