Centralized cryptocurrency exchange BitMart, founded in 2018, has officially announced an orderly shutdown of its trading platform following a strategic evaluation of macro market conditions and company operations.
The announcement marks another notable departure in the global exchange sector, coming shortly after BitMEX similarly announced plans to halt operations. Following the news, BitMart’s native token (BMX) experienced sharp market volatility.
Key Shutdown Timeline
BitMart has outlined a phased wind-down schedule to allow users sufficient time to manage their portfolios:
- July 26, 2026 (01:30 UTC): Immediate suspension of new account registrations, token deposits, and placement of new trade orders.
- August 26, 2026 (01:00 UTC): Complete termination of all trading services and active market order books.
- January 31, 2027 (15:59 UTC): Official total shutdown of platform servers and operational systems.
Urgent Update for Account Holders
BitMart confirmed that withdrawal channels remain open, though processing may be subject to manual reviews.
The exchange strongly advises all active users to:
Transfer digital assets and fiat balances out of BitMart wallets to private self-custody wallets or alternative exchanges well ahead of the deadline.
Immediately close open trade positions across spot and derivatives markets.
Complete necessary Know-Your-Customer (KYC) identity verifications if prompted to prevent withdrawal bottlenecks.
