Cryptocurrency Exchange

BitMart is closing its trading platform after nine years, with all spot and derivatives trading scheduled to end on Aug. 26. The exchange token BMX fell about 58% in 24 hours as users were told withdrawals would remain open but could face added security checks.

Mirae Asset Consulting has become the largest shareholder in Korbit after taking a 97.15% stake in South Korea’s first homegrown cryptocurrency exchange. The move places Korbit inside the wider Mirae Asset Group family without changing the exchange’s operating company or disrupting customer services.

SBI Holdings has agreed to acquire Japanese cryptocurrency exchange Bitbank for about $289 million, marking a major expansion of its digital asset footprint. The deal reflects the bank’s push to strengthen its crypto business as Japan weighs potential regulatory shifts.