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BitMart exchange token BMX plunges more than 53% in 24 hours; it previously announced that the platform would stop operations

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Mars Finance news: On July 26, according to Coingecko data, the BitMart platform token BMX has plunged more than 53% in the past 24 hours, and is now trading at $0.0805, with the market cap falling to $27.2 million. Previously reported, BitMart announced an orderly cessation of its trading business. Starting from 09:30 on July 26, BitMart will gradually stop new user registrations and cryptocurrency and fiat deposits; contract accounts will enter a mode of only reducing positions, and spot trading will stop accepting new orders. Starting from 09:00 on August 26, BitMart will stop all spot, contract, and other trading services; the platform plans to officially cease operations of the trading platform on January 31, 2027 at 23:59.
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