The reported closure adds to a string of exchange shutdowns and may sharpen concerns about pressure on smaller trading venues.
Cryptocurrency exchange BitMart is set to shut down all operations, marking the second crypto exchange closure in under a week. The development points to continued strain in parts of the digital-asset trading sector, where exchange shutdowns can raise questions about liquidity, customer withdrawals and broader market confidence. The source provides no further details on timing, cause or operational wind-down plans.