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MORNING BRIEF ☕️: Crypto exchange BitMart has announced an orderly wind-down of its trading platform, with all markets closing on August 26 and operations ending on January 31, 2027. The news sent its native token BMX down around 46% in a single day. It follows BitMEX's decision to shut down earlier this week, marking two exchange closures in just a few days.
The announcements point to a broader industry trend: trading activity is becoming increasingly concentrated on a handful of global exchanges, raising the competitive bar for smaller centralized platforms.
https://x.com/ShillGuard/status/2081258667068764363