BitMart said on July 26 that it will wind down its trading business after reviewing its operating condition, market environment and future strategic direction. Shortly after the announcement, Bruce, founder of Maitong MSX, publicly told BitMart not to shut down and said he wanted to buy the platform instead. He also said he had already made contact with BitMart.
Bruce added that if he acquires BitMart, his first step would be to complete the ownership transfer procedures. His second move, he said, would be to cut all fees for spot crypto-to-crypto trading and futures trading to zero. Bruce said he believes trading fees charged by crypto exchanges are too high.
BitMart said on July 26 that, after reviewing its operating condition, the market environment and its future strategic direction, it had decided to orderly shut down its trading business.
After the announcement, Bruce, founder of Maitong MSX, publicly addressed BitMart, saying, "Don't shut it down. I'll acquire it." He also said he had already been in contact with the BitMart team.
Bruce added that if he acquires BitMart, the first thing he would do is complete the transfer procedures. The second would be to reduce all trading fees for spot crypto-to-crypto trading and futures trading to zero. He said he sees crypto exchange fees as too high.
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