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Another Crypto Giant Folds in BitMEX's Aftermath ๐Ÿ–ค๐Ÿฆ‡

Another Crypto Giant Folds in BitMEX’s Aftermath ๐Ÿ–ค๐Ÿฆ‡

BitMart’s closure hits harder than past cycles, slashing through ops with eerie precision ๐Ÿ–ค.

BitMart Winds Down Its Platform ๐ŸŒ‘

This platform launched in the 2017 surge and grew to support over 1700 cryptocurrencies. Yet it now follows the dark tide, opting for an orderly shutdown of trading. New sign-ups froze instantly, deposits halted, and fresh orders stopped. Trading ends in one month, with full closure set for January 31 at 15:59 UTC. Withdrawals stay open though. Users should wrap positions, finish KYC, and pull funds fast ๐Ÿ”ฎ.

Its token BMX crashed over 60% in 24 hours, sliding from $0.32 to $0.09, now 90% below the $0.619 peak from early 2024 ๐Ÿ’น.

BMXUSD. Source: TradingView

BitMEX And Other Closures Follow ๐Ÿ•ธ๏ธ

BitMEX announced its own shutdown for September 23, ending nearly a decade of derivatives dominance. Dex aggregator Odos will pause services by July 30, while rival Dango stops trading on July 29 and its L1 chain on August 13 ๐Ÿ“‰. These moves signal a sinister shift in DeFi landscapes ๐Ÿ‘๏ธ.


Just another echo from the void by iconofsin.eth ๐Ÿ’–


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