Overview
- BitMart announced on Sunday, July 26, 2026 that it has started an orderly wind‑down and will end all trading on August 26, 2026 with full platform cessation scheduled for January 31, 2027.
- The exchange blocked new registrations, fiat and crypto deposits, and new spot orders from 01:30 UTC on July 26, and moved futures to reduce‑only while automated services were wound down.
- Withdrawals remain open but BitMart warned users to request funds before the August 26 deadline and said requests may face identity, source‑of‑funds, sanctions and other compliance reviews that could slow processing.
- BitMart’s native token BMX lost most of its liquidity after the announcement, plunging roughly 58–63% in short windows as internal markets that supported BMX trading go offline.
- The shutdown follows a string of late‑July product and regional restrictions and recalls BitMart’s 2021 hot‑wallet breach; the wind‑down could heighten withdrawal congestion and invite fraud attempts against customers.