BitMart opened its doors nearly a decade ago. On Sunday, it told users it was closing them, the third crypto exchange to announce a shutdown in two weeks, and the third this month alone.

BitMart announced on Sunday it would start phasing out its trading platform. The exchange referred to its “operating conditions, market environment and future strategic direction,” without elaborating.

New user registrations, deposits and new trading orders were suspended at 9:30 PM Eastern Time (ET) on Sunday itself. Futures accounts have entered reduce-only mode, and copy trading, grid trading and API services were being phased out, the announcement said. All trading services will cease on August 26, and the platform will officially close on…