🚨 Where do crypto exchanges disappear? Minus 3 players in a month! 📉
Global regulation hits centralized platforms (CEX) hard. In just the past 30 days, three major crypto exchanges—AscendEX, BitMEX, and BitMart—announced either the end of operations or the start of a controlled wind-down.
AscendEX couldn’t withstand regulation. The platform completely halted trading due to an inability to adapt to new strict European rules under MiCA licensing. Legendary BitMEX is leaving the market. A pioneer of crypto derivatives and creator of perpetual swaps announced the complete cessation of all operations after a strategic review of its business. BitMart is beginning to wind down. The exchange, with an audience of over 9 million users, announced the planned shutdown of all services and urged customers to urgently withdraw their assets. Investors are moving to safety. Amid the shakeout of mid-tier players, liquidity is rapidly shifting to trusted giants like $BNB or to decentralized DEX platforms.
And how do you protect your assets during market turbulence like this? Do you switch to cold wallets, or do you keep trusting major exchanges?
Global regulation hits centralized platforms (CEX) hard. In just the past 30 days, three major crypto exchanges—AscendEX, BitMEX, and BitMart—announced either the end of operations or the start of a controlled wind-down.
AscendEX couldn’t withstand regulation. The platform completely halted trading due to an inability to adapt to new strict European rules under MiCA licensing. Legendary BitMEX is leaving the market. A pioneer of crypto derivatives and creator of perpetual swaps announced the complete cessation of all operations after a strategic review of its business. BitMart is beginning to wind down. The exchange, with an audience of over 9 million users, announced the planned shutdown of all services and urged customers to urgently withdraw their assets. Investors are moving to safety. Amid the shakeout of mid-tier players, liquidity is rapidly shifting to trusted giants like $BNB or to decentralized DEX platforms.
And how do you protect your assets during market turbulence like this? Do you switch to cold wallets, or do you keep trusting major exchanges?