Crypto exchange BitMart to shut down after nine years, BMX token crashes 58%

CoinDesk·

Crypto exchange BitMart to shut down after nine years, BMX token crashes 58%

60-second summary

BitMart is shutting down after nine years, giving users a month to close trades and six months to withdraw funds. The BMX token has crashed 58% in value. The exchange cited no specific reason for the closure, leaving users uncertain about their assets.

Users have a month to close trades and six months to withdraw, and the exchange gave no specific reason for closing.