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BitMart Exodus: Ethereum Withdrawals Soar Amid Exchange Winding Down

Guavy AI Editorial Team
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Ethereum withdrawals from BitMart have surged after the exchange announced it would be winding down operations. According to data, Ethereum withdrawals on BitMart increased by over 100% in the past 24 hours.

The surge comes as a result of investors pulling their funds out of the exchange due to concerns about its solvency and regulatory compliance.

BitMart announced earlier this week that it would be ceasing operations in Singapore, citing 'regulatory challenges' as the reason. The move has left many investors worried about their assets being held on the platform.

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