๐จ **URGENT: BitMart announces the closure of its services after 9 years โ the BMX token plunges by nearly 60% !** ๐จ
Another shock in the crypto ecosystem: the exchange platform **BitMart** has just announced the progressive cessation of its activities. This is the second major exchange to declare its closure this week (after BitMEX).
๐ **What you need to know:**
1๏ธโฃ **BMX token collapse**
Following the announcement, BitMartโs native token ($BMX) has lost more than **58%** of its value in just a few hours, moving from above 0,31 $ to around 0.08$, reducing its market capitalization to 27 million dollars.
2๏ธโฃ **Official closure timeline:**
* ๐ **Registrations & Deposits**: Blocked immediately.
* ๐ **Trading (Spot & Futures)**: Final stop on **August 26, 2026**.
* ๐ **Complete site closure**: **January 31, 2027**.
3๏ธโฃ **Withdrawals and enhanced checks**:
* Withdrawals remain open, but BitMart warns that requests will be subject to strict compliance checks (KYC identity verification, source of funds, IP verification, etc.).
* Delays in withdrawal processing have already been reported. **If you have assets on BitMart, it is strongly advised to withdraw your funds without waiting!**
4๏ธโฃ **Why this decision?**
The platform justified this choice by evaluating its *"operating conditions, market environment, and its future strategic direction"*.
๐ฌ **Community discussion:**
* Are you affected by this closure?
* Are we seeing a major consolidation among centralized exchanges (CEX)?
Share your thoughts in the comments! ๐
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