BitMart, one of the older surviving crypto exchanges, is shutting down. The platform published an official notice on July 26, confirming it has made the decision to wind down all trading oper
BitMart, one of the older surviving crypto exchanges, is shutting down. The platform published an official notice on July 26, confirming it has made the decision to wind down all trading operations, citing market conditions and strategic direction as the reasons behind the call.
The closure is not immediate. But the deadlines are closer than most users will expect, and missing them carries real risk.
Related: Another crypto business announces shutdown, asks users to withdraw funds
The shutdown has already begun. As of July 26 at 01:30 UTC, BitMart stopped accepting new user registrations and suspended all deposit services. Do not send any assets to a BitMart wallet address, the platform has warned that deposits made after suspension may not be credited.
Spot trading has stopped accepting new orders. Futures accounts have entered Reduce-Only mode, meaning existing positions can be closed but no new ones can be opened. Copy trading, grid trading, and all automated services are being discontinued in phases.
The hard trading deadline is Aug. 26, 2026 at 01:00 UTC. All spot and futures trading stops at that point. Any futures positions still open at that time will be settled by the platform at the applicable mark price.
The final date for the platform to entirely cease operations is Jan. 31, 2027 at 15:59 UTC.
BitMart's closure is not happening in isolation.
BitMEX, the exchange that invented the 100x leverage perpetual swap and ran for over 11 years, announced on July 23 that it will permanently shut down on Sep. 23, 2026 at 04:00 UTC.
The platform now accounts for less than 0.01% of the crypto exchange market and records around $400,000 in daily trading volume. BitMEX's founders, Arthur Hayes, Ben Delo, and Samuel Reed, pleaded guilty to Bank Secrecy Act violations in 2022.
BitMart has been clear about the recommended timeline. Complete identity verification and close all trading positions before Aug. 26 at 01:00 UTC. Submit withdrawal requests before Aug. 26 at 05:00 UTC.
Users who miss this window will be transferred to a separate processing procedure with no guaranteed timeline.
Before withdrawing, cancel all open orders, redeem any Earn, staking, or lending products, and download your full account history, transaction records, deposit history, withdrawal history, while you still have access.
BitMart has flagged an elevated scam risk during the wind-down period. The exchange will never contact users through Telegram, WhatsApp, or WeChat asking for fees to expedite withdrawals.
There are no priority processing channels. Anyone claiming otherwise is running a scam.
Use only the official Help Center at bitmart.zendesk.com or the official support ticket system. Do not click unofficial links and do not send assets to any personal wallet address provided by someone claiming to be BitMart staff.
