With the news of its shutdown, BitMart has left the market after a nine-year run. It is only the second big-name exchange to make such an announcement in as many days, and it has done little to quell the notion that the industry is in the midst of some very hard times, if not at rock bottom.<\/p>\n
There are ripples in the crypto world over the matter, especially with one top-tier exchange having already called it quits. In a recent ‘\u041a\u0420\u0418\u041f\u0422\u041e \u0418\u041b\u042c\u042f | \u041e\u0411\u0417\u041e\u0420\u042b’ segment, the host put it this way: a lot of people see these back-to-back departures as evidence of the kind of strain the digital asset space is under. For a site like BitMart, which has been home to traders from all over for close to ten years, it is an exit made in the face of real uncertainty.<\/p>\n
You don\u2019t often see two exchanges of any size fold in quick succession. It has market observers on edge when it comes to what this means for trust and liquidity. The point made on ‘\u041a\u0420\u0418\u041f\u0422\u041e \u0418\u041b\u042c\u042f | \u041e\u0411\u0417\u041e\u0420\u042b’ is that even those with a solid footing are having a hard time making it through this lull.<\/p>\n
There has been no holding back in the response from both users and analysts. For a lot of traders, particularly those who used BitMart as part of their day-to-day, there is a palpable unease when it comes to the security of their holdings and what lies ahead for crypto exchanges.<\/p>\n
Over at the ‘\u041a\u0420\u0418\u041f\u0422\u041e \u0418\u041b\u042c\u042f | \u041e\u0411\u0417\u041e\u0420\u042b’ channel, the view is that we may be at or close to the cyclical low; the steepest losses have already occurred. Then you have the matter of the shutdown itself, which puts a fine point on some hard questions: how do you make a case for the viability of a centralized exchange in the face of regulation? Some in the community are expecting rougher times, but not all of them. There is a feeling among others that this kind of shakeout is just part of the process of building a more resilient market.<\/p>\n
Source \u2014 \u041a\u0420\u0418\u041f\u0422\u041e \u0418\u041b\u042c\u042f | \u041e\u0411\u0417\u041e\u0420\u042b \ud83c\udf4b: https:\/\/www.youtube.com\/watch?v=iyQHfDP1wok<\/a><\/em><\/p>\n <\/p>\n Stay ahead in the volatile crypto market by testing your skills in our crypto trading challenge. crypto trading challenge<\/a>.<\/p>\n <\/p>\n