BitMEX token crashes 90% as exchange announces shutdown
CoinTelegraph·
60-second summary
BitMEX's BMEX token crashes about 90% as the exchange announces its shutdown, marking the end of nearly 12 years in business. The token's value plummeted amidst the exchange's declining Bitcoin futures market share. The shutdown's impact on the cryptocurrency market remains uncertain, potentially affecting liquidity and investor confidence in the sector.
BitMEX’s BMEX token plunged about 90% after the exchange announced plans to shut down, ending nearly 12 years in business as its Bitcoin futures market share shrank.