BitMart Continues Operations Despite End of Trading Service Announcement
BitMart has passed the announced end time for its trading services, yet the trading screens for major assets such as Bitcoin, ETH, and SOL are still operational. Recently, BitMart stated that it is considering restructuring instead of complete liquidation, raising questions about whether there have been changes to the original trading cessation schedule. As of 4:40 PM on the 26th, the trading screens for major assets were confirmed on the BitMart website. On July 26, BitMart announced that it would suspend all spot, futures, and other trading services starting from 10 AM on August 26. However, on the 21st, just days before the trading cessation, BitMart further revealed that it is exploring restructuring options instead of complete liquidation. BitMart explained that it may gradually resume certain business segments alongside creditor distributions after undergoing legal, financial, operational, and regulatory evaluations. To facilitate this, it has appointed the global law firm White & Case as its restructuring legal advisor. BitMart is expected to disclose additional information regarding the restructuring by September 9 at the latest. However, the announcement on the 21st did not clarify whether the trading service cessation schedule on August 26 would be canceled or changed.
-- Price
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