Another exchange has closed down and suspended operations. In fact, many small exchanges face a situation where, during the bear market, trading volumes slump sharply, even approaching zero, leaving only about half a year’s worth of spending buffer. This year, even large exchanges have been cutting their external spending, and many KOL monthly partnership contracts have already been halted. It’s reasonable to expect that from now until the end of this year, more small exchanges will close down and suspend operations.