Exchange Consolidation Begins: How BitMEX and BitMart’s Exit Affects Binance and Bitcoin

TLDR: BitMEX and BitMart both announced closures within the same week, following AscendEX’s exit. Binance’s Bitcoin reserves recovered this year, signaling liquidity concentration on top exchanges. CZ urged self-custody or use of larger exchanges amid the wave of platform shutdowns. XWIN sees closures as part of a shift toward fewer, larger, institutional-grade exchanges. Exchange consolidation [...]

The post Exchange Consolidation Begins: How BitMEX and BitMart’s Exit Affects Binance and Bitcoin appeared first on Blockonomi.