BitMart
 | |
| Company type | Private |
|---|---|
| Founded | 2017 |
| Headquarters | New York City, United States |
Area served | Worldwide (180 countries) |
| Products | Trading platform |
| Services | Digital asset trading, peer-to-peer marketplace |
| Website | bitmart.com |
BitMart is a global digital asset trading platform that focuses on cryptocurrency trading. The company is headquartered in New York City, United States and operates in 180 countries. In December 2021, BitMart suffered a security breach resulting in the theft of approximately $196 million in cryptocurrency.[1][2][3][4]
History
[edit]BitMart was founded in 2017, providing buy, sell, and trade tools to individuals and institutions. In 2018, BitMart introduced the BitMart Token (BMX), which offers trading discounts and other benefits to its holders. It also added staking, lending, savings products, and derivatives trading by 2018.[5]
In December 2021, BitMart experienced a security breach. Approximately $196 million worth of cryptocurrency was stolen in the attack. Following the incident, BitMart CEO Sheldon Xia pledged to reimburse all affected users and announced enhancing the platform's security measures. In October 2022, the company was suspected of stealing bitcoins from users' personal wallets in the amount of $1 billion.[6][7][4][8]
The platform was named Best Crypto Exchange for Altcoins by Investopedia in June 2024.[9]
Overview
[edit]BitMart is registered in the Cayman Islands and operates in 180 countries.[10] It has over 1,500 trading pairs and provides tools for buying, selling, and storing cryptocurrency through the web-based digital asset trading and investing platform and a mobile app for Android and iOS.[11] Its services include a peer-to-peer (P2P) marketplace, which connects buyers and sellers with varying exchange rates and payment options.[12][13]
References
[edit]- ^ Roth, Emma (2022-01-09). "Victims of $200 million hack of BitMart crypto exchange still waiting to get their money back". The Verge. Retrieved 2024-12-27.
- ^ Sigalos, MacKenzie (2022-01-07). "Iranian immigrant lost $53,000 in crypto hack, says he faces ruin if BitMart doesn't pay him back". CNBC. Retrieved 2024-12-27.
- ^ "Hackers steal $625 million in cryptocurrency from Axie Infinity's Ronin network". The Washington Post. 2022-03-29. Retrieved 2024-12-27.
- ^ a b Chow, Andrew R. (2021-12-07). "Crypto CEOs Head to Congress to Push Back on Looming Regulations. Here's What to Expect". TIME. Retrieved 2024-12-27.
- ^ "BitMart Review 2024". CoinMarketCal - Календарь криптоактивов (in Russian). Retrieved 2024-12-27.
- ^ Vigna, Paul (2022-10-28). "Two Groups Account for $1 Billion in Cryptocurrency Hacks, New Report Says". Wall Street Journal. Retrieved 2024-12-27.
- ^ Sigalos, MacKenzie (2022-01-07). "Iranian immigrant lost $53,000 in crypto hack, says he faces ruin if BitMart doesn't pay him back". CNBC. Retrieved 2024-12-27.
- ^ Chow, Andrew R. (2021-12-07). "Crypto CEOs Head to Congress to Push Back on Looming Regulations. Here's What to Expect". TIME. Retrieved 2024-12-27.
- ^ "Best Crypto Exchanges and Apps for December 2024". Investopedia. Retrieved 2024-12-27.
- ^ "BitMart Review 2024". Investopedia. Retrieved 2024-12-27.
- ^ Dung, Thuy (2024-11-08). "BitMart: Your Gateway to a Premier Global Digital Asset Exchange". The Cryptonomist. Retrieved 2024-12-27.
- ^ "BitMart Review 2024". Investopedia. Retrieved 2024-12-27.
- ^ "BitMart Rolls Out Euro on P2P Trading Marketplace". Financial and Business News | Finance Magnates. 2024-05-27. Retrieved 2024-12-27.