Nothing123

[Nothing123 @ModasiyaSa5633]

🚨 THREAD: The Fall of BitMEX, BitMart & AscendEX — What Happened? 🧵

Three well-known crypto exchanges are exiting the market.

This isn't just about three companies.
It's a sign of how much the centralized exchange (CEX) industry has changed.
👇

[Nothing123 @ModasiyaSa5633]

Marvel fans assemble

[Nothing123 @ModasiyaSa5633]

Guys let see this movie 🫡🫡 https://t.co/Xu6l5TxtgZ

[Didi @DidiTrading]

Day 575: Pick up your free money.

If you've ever used ChatGPT or Claude, you're eligible to claim a reward. I've seen people receive $600+, and it takes less than 2 minutes.

1) Go to https://t.co/JCOsxA8nx2
2) Follow the four steps on the website (see video)
3) Connect your X account
4) Claim your reward

[Nothing123 @ModasiyaSa5633]

@scouterrrr LETS SEE IT IS BETTER TO AVOID TRADE OR TAKE HEDGE TRADE OF BOTH SIDE

[Nothing123 @ModasiyaSa5633]

@scouterrrr @binance good bro

[Nothing123 @ModasiyaSa5633]

12/ End of an era.
BitMEX helped invent modern crypto derivatives.
BitMart opened access to thousands of altcoins.
AscendEX served millions of traders worldwide.
Their shutdowns are a reminder:
In crypto, no platform is too big to fail.
Bookmark this thread .

[Nothing123 @ModasiyaSa5633]

9/ Why are exchanges disappearing?

Several trends are reshaping the industry:

• Lower trading volumes
• Rising compliance costs
• Fierce competition
• Users moving toward self-custody
• Growth of decentralized trading platforms

[Nothing123 @ModasiyaSa5633]

8/ AscendEX

AscendEX has also announced plans to discontinue exchange operations, marking another notable departure from the CEX landscape it was FIRST CEX TO ANNOUCE SHUT DOWN IN THIS BEAR MARKET

Together with BitMEX and BitMart, it reflects the growing pressure OF BEAR MARKET

[Nothing123 @ModasiyaSa5633]

🚨 THREAD: The Fall of BitMEX, BitMart & AscendEX — What Happened? 🧵

Three well-known crypto exchanges are exiting the market.

This isn't just about three companies.
It's a sign of how much the centralized exchange (CEX) industry has changed.
👇

[Nothing123 @ModasiyaSa5633]

6/ However...
Shrinking trading volumes,
intense competition,
and changing market conditions made operating a mid-tier exchange increasingly difficult.
In July 2026, BitMart announced an orderly wind-down of its trading platform.

[Nothing123 @ModasiyaSa5633]

5/ BitMart – Another Major Exit

BitMart launched in 2018 and quickly became one of the largest altcoin exchanges.

It listed hundreds of tokens before many competitors and built a global user base.

[Nothing123 @ModasiyaSa5633]

4/ In July 2026, BitMEX officially announced it would shut down after an 11-year run.

The company said the decision followed a strategic review of the business and the broader crypto industry.

Users were instructed to close positions and withdraw funds before the exchange close

[Nothing123 @ModasiyaSa5633]

3/ But things changed.

Competition exploded.

Binance, Bybit, OKX, Hyperliquid, and other exchanges captured market share with:
• Lower fees
• Better user experience
• More products
• Larger liquidity
BitMEX slowly lost relevance.

[Nothing123 @ModasiyaSa5633]

2/ At its peak...

• Billions in daily trading volume
• One of the largest BTC derivatives exchanges
• Millions of registered users
• Home of legendary traders and liquidations
BitMEX helped shape modern crypto markets.

[Nothing123 @ModasiyaSa5633]

1/ BitMEX – The Pioneer

Founded in 2014, BitMEX revolutionized crypto derivatives.

It introduced the 100x perpetual swap, a product that later became the industry standard.

Almost every major futures exchange copied its model.

For years, BitMEX was crypto trading.

[Nothing123 @ModasiyaSa5633]

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[GXT Exchange @GXTExchange]

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[Fokki @0x_fokki]

A 20-year-old student from China, Li Hao, built an AI speed radar with Claude alone and sold it to a city district for $317,000

He wrote the whole thing in 9 days, spending about $20 on Claude API calls

He set an old camera on his balcony, pointed it at the intersection below, and let Claude watch the road

Claude tags every car, motorbike and pedestrian in real time, 653 in five minutes, and flags anyone over the limit

The moment a car speeds, Claude clips the video, reads the license plate, matches the owner, and emails the fine on its own

A normal radar takes one photo and misses half the time. Claude records full video, so there is nothing to dispute, and the fines go out with no operator

He walked into the district office with a flash drive and asked for 10 minutes. he left with a contract

Every Claude config he used is in the article

[Nothing123 @ModasiyaSa5633]

@BitElite17 ALREADY SHORTED BTC AT 81K AND BOOK PROFIT IN ETH AT 1550 SHOULD I RESHORT ETH AGAIN BUT I THINK IT WILL REACH 1910 IF REACH I WILL RESHORT