BitMart, the centralized cryptocurrency exchange that announced its complete shutdown on July 26, is reportedly exploring the possibility of walking back that decision and pursuing a phased restart of its services. This potential reversal comes just over a month after the exchange halted new registrations and deposits, set a hard deadline of August 26 to cease all trading activity, and instructed users to withdraw their funds. BitMart’s native token BMX had crashed by 55 to 59 percent within 24 hours of the initial announcement. The market is now watching to see whether the exchange will let the August 26 deadline pass or officially announce a reversal of its shutdown decision.
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