Crypto exchange BitMart has announced that it will wind down its operations, according to reporting from CoinTelegraph. The decision comes after the exchange's BMX token plunged in value and users reported delays in withdrawals.
As a result, BitMart has set a timeline to end its trading activities by August 26, with the full shutdown of platform operations scheduled for January. This move marks a significant development for the exchange, which has faced challenges in recent times.