BitMart Shutdown Sparks 60% BMX Token Crash

BitMart's sudden decision to shut down its cryptocurrency exchange has sent shockwaves across the market, causing its native BMX token to plummet by over 60% within hours.

The exchange cited 'operating conditions, market environment, and long-term strategic direction' for its decision to wind down operations after nine years in business.

Users have been advised to close open positions, complete identity verification where necessary, and submit withdrawal requests before trading services officially end on August 26, 2026.