{"id":50840,"date":"2026-07-26T11:39:05","date_gmt":"2026-07-26T11:39:05","guid":{"rendered":"https:\/\/cryptd.in\/another-major-crypto-exchange-is-shutting-down-after-bitmex\/"},"modified":"2026-07-26T11:39:05","modified_gmt":"2026-07-26T11:39:05","slug":"another-major-crypto-exchange-is-shutting-down-after-bitmex","status":"publish","type":"post","link":"https:\/\/cryptd.in\/tr\/another-major-crypto-exchange-is-shutting-down-after-bitmex\/","title":{"rendered":"Another Major Crypto Exchange Is Shutting Down After BitMEX"},"content":{"rendered":"<p>Unlike the previous major bear market in which numerous cryptocurrency exchanges reduced their staff number, the current cycle turned out to be more violent and requires a different sort of reaction.<\/p>\n<p>The latest to close shop, with an announcement earlier today, was BitMart.<\/p>\n<h2>BitMart to Shut Down<\/h2>\n<p>The exchange saw the light of day during the 2017 big bull market and expanded its services to over 1,700 cryptocurrencies as of today.\u00a0However, it followed the recent negative trend, stating that it has begun to \u201corderly\u201d wind down its trading operations.<\/p>\n<p>New registrations have already been halted, as well as deposits and opening new trading orders. A month later, the exchange will stop all trading services.\u00a0The official shutdown will be at the end of January at 15:59 UTC, when the platform operations will cease. In contrast, withdrawals will remain available.<\/p>\n<p>The company urged all users to close their trading positions, complete KYC if needed, and transfer out the available funds as soon as possible.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Important Notice<\/p>\n<p>After a careful evaluation of the Company\u2019s operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations. We deeply regret having to make\u2026 <a href=\"https:\/\/t.co\/KX3zczIrAh\">pic.twitter.com\/KX3zczIrAh<\/a><\/p>\n<p>\u2014 BitMart (@BitMartExchange) <a href=\"https:\/\/x.com\/BitMartExchange\/status\/2081197305491845201?ref_src=twsrc%5Etfw\">July 26, 2026<\/a><\/p>\n<\/blockquote>\n<p>The exchange\u2019s native token reacted with an immediate price drop, plunging by over 60% on a 24-hour scale. BMX traded at $0.32 before the news went live, and dumped to $0.09 as of press time. It also remains 90% away from its all-time high at $0.619 (CoinGecko data) recorded in early 2024.<\/p>\n<figure aria-describedby=\"caption-attachment-1443838\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/07\/BMX.png\"><img decoding=\"async\" class=\"wp-image-1443838 size-full\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/07\/BMX.png\" alt=\"BMXUSD. Source: TradingView\" width=\"2062\" height=\"1208\" \/><\/a><figcaption class=\"wp-caption-text\">BMXUSD. Source: TradingView<\/figcaption><\/figure>\n<h2>BitMEX and Who Else?<\/h2>\n<p>Just a few days ago, the Arthur Hayes-co-founded cryptocurrency derivatives platform BitMEX <a href=\"https:\/\/cryptopotato.com\/veteran-crypto-exchange-bitmex-to-shut-down-in-september\/\">dedi<\/a> it will shut down on September 23. The creator of the 100x perpetual swap was active for nearly a decade, but it has fallen out of traders\u2019 grace in the past couple of years.<\/p>\n<p>The crypto shutdowns continued with popular DEX aggregator Odos. The project <a href=\"https:\/\/cryptopotato.com\/dex-aggregator-odos-is-shutting-down-what-users-need-to-do-before-july-30\/\">duyuruldu<\/a> on July 24 that it will halt all of its services at the end of July.<\/p>\n<p>One of its competitors, Dango, made a similar statement on the same day. The self-proclaimed \u2018Endgame Exchange\u2019 <a href=\"https:\/\/x.com\/dango\/status\/2080707796144705625\">bilgilendirilmi\u015f <\/a>that the team has made the difficult decision to wind down its services, outlining \u201cvarious reasons\u201d without actually specifying them. It will stop trading on July 29, while the Dango L1 blockchain will halt on August 13.<\/p>\n<p>G\u00f6nderi <a href=\"https:\/\/cryptopotato.com\/another-major-crypto-exchange-is-shutting-down-after-bitmex\/\">Another Major Crypto Exchange Is Shutting Down After BitMEX<\/a> ilk olarak \u015furada yay\u0131nland\u0131 <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Unlike the previous major bear market in which numerous cryptocurrency exchanges reduced their staff number, the current cycle turned out to be more violent and requires a different sort of reaction. The latest to close shop, with an announcement earlier today, was BitMart. BitMart to Shut Down The exchange saw the light of day during [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":50842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-50840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Another Major Crypto Exchange Is Shutting Down After BitMEX - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/tr\/another-major-crypto-exchange-is-shutting-down-after-bitmex\/\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another Major Crypto Exchange Is Shutting Down After BitMEX - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Unlike the previous major bear market in which numerous cryptocurrency exchanges reduced their staff number, the current cycle turned out to be more violent and requires a different sort of reaction. 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