Why Are Crypto Exchanges Shutting Down? BitMart, BitMEX and AscendEX Exits Explained, and How to Protect Your Funds
Key TakeawaysBitMart announced on Sunday, July 26, 2026 that it will wind down its trading platform after nine years, with all trading ending August 26 and full closure on January 31, 2027. Its BMX token crashed nearly 60% within hours.The move came just three days after BitMEX, the exchange that invented the perpetual swap, said it will shut down on September 23 after an 11 year run, sending its BMEX token down roughly 90%.BitMart is the third centralized exchange to announce a closure this mon