BitMex and BitMart to Cease Operations as Crypto Market Takes a Bashing

BitMEX and BitMart Closures Point to Exchange Consolidation

BitMEX and BitMart are preparing to leave the trading market, reviving uncomfortable memories of FTX. Yet evidence points to a different event. These crypto exchange closures appear planned and focused on customer withdrawals rather than driven by a sudden balance-sheet hole. The distinction matters because an orderly shutdown can disrupt liquidity without creating the systemic damage seen in November 2022. Why Crypto Exchange Closures Are Not A…

BitMEX and BitMart may be first casualties of crypto trading slump

Trading volumes across major centralized platforms fell down to $1.05 trillion, marking the quietest stretch of activity for the digital asset market in over two years.

BitMex and BitMart to cease operations as crypto market takes a bashing

Cryptocurrency exchange BitMex will shut down its trading platform on 23 September. The company has not given a specific reason for the closure, but said the decision was taken following a strategic evaluation of the business and the broader crypto market. Users have been advised to wind down open positions and withdraw their funds before [… The post BitMex and BitMart to cease operations as crypto market takes a bashing appeared first on TechCe…

Why the BitMEX and BitMart closures won't mirror the FTX collapse

There is incorrect discourse among crypto netizens that the BitMEX closure mirrored the FTX collapse that marked the Bitcoin bottom in 2022.

CoinStats - Why the BitMEX and BitMart closures won’t mir...

The closures of BitMEX and BitMart are just part of a broader industry consolidation.

BitMEX Shuts Down September 23 as 4 Crypto Firms Collapse in Weeks

BitMEX is closing. September 23 is the date, and new account registrations are already gone. Users got a blunt message:… Read the original on BitMEX Shuts Down September 23 as 4 Crypto Firms Collapse in Weeks. For more crypto news and analysis, visit TheCurrencyAnalytics.com.