What happened to bitmart?

BitMart is a global cryptocurrency exchange that allows users in 180+ countries to buy and sell over 1,000 digital currencies and tokens. While BitMart offers all the features you’d expect from a global crypto exchange, it was hacked in December 2021, which resulted in an estimated $196 million cryptocurrency theft.

What is bitmart (BMX)?

It is incorporated in the Cayman Islands. In 2018, BitMart launched the BitMart Token (BMX), which provides token holders with trading discounts and other benefits on the exchange. The exchange also added numerous new features over the years, including staking, lending, savings products, and derivatives trading.

How does bitmart work?

Holders are rewarded for simply depositing and holding coins on BitMart as they normally would. Staking at BitMart is available for hundreds of different cryptos, with very different APYs (Annual Percentage Yield), which essentially is the same as interest rates).

Can you trade on bitmart?

U.S. customers can trade on BitMart, but the exchange’s Earn and Lending products are not available to users in the United States. BitMart provides customer service via a dedicated support center, support tickets, and a live chat. Like many other cryptocurrency exchanges, it doesn’t offer phone support.