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BitMart to Cease Trading and Shut Down Platform by January 2027
BitMart announced that it will wind down its cryptocurrency exchange operations in a phased manner. New user registrations, deposits and new orders were halted on 26 July 2026 at 01:30 UTC. All spot and futures trading will stop on 26 August 2026 at 01:00 UTC, after which any remaining futures positions will be settled by the platform. The exchange will formally close its platform on 31 January 2027 at 15:59 UTC, with account access retained only for withdrawal requests.
The company said the decision follows a careful assessment of its operating conditions, the market environment and its future strategic direction. The shutdown comes shortly after BitMEX announced a similar closure, highlighting a broader consolidation trend among centralized crypto exchanges. BitMart’s native token BMX dropped roughly 60 % within 24 hours of the announcement and later fell to about 85 % of its pre‑announcement level. Users have reported delays in withdrawals as the exchange applies enhanced identity and compliance checks, while on‑chain analysis noted large outflows of ETH and stablecoins from BitMart wallets before the notice was issued.
The exchange urged customers to close positions and withdraw assets promptly, warning that deposits made after the July 26 cut‑off will not be credited.
Entities
BMX token · BitMEX · BitMart · CryptoQuant · Nansen
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] BitMart stopped accepting new registrations, deposits and new orders on 26 July 2026 at 01:30 UTC. portaldobitcoin.uol.com.br · cryptoweek.fr · coinedition.com · www.tekedia.com
- [● 3 SOURCES] BitMart will fully cease platform operations on 31 January 2027 at 15:59 UTC. coinedition.com · www.tekedia.com · cryptoslate.com
- [● 2 SOURCES] BitMart warned that withdrawals could be delayed due to enhanced identity, device, sanctions and source‑of‑fund checks. portaldobitcoin.uol.com.br
- [○ 1 SOURCE] On‑chain analysis showed large ETH and stablecoin balances moved out of BitMart wallets in the days before the shutdown notice, reducing the exchange’s liquid reserves. cryptoslate.com
- [● 3 SOURCES] BitMart will end all spot and futures trading on 26 August 2026 at 01:00 UTC. coinedition.com · www.tekedia.com · cryptoslate.com
- [● 3 SOURCES] BitMart said the shutdown follows a careful evaluation of its operating conditions, market environment and future strategic direction. portaldobitcoin.uol.com.br · cryptoweek.fr · coinedition.com
- [● 2 SOURCES] BitMEX announced its own shutdown a few days before BitMart’s announcement, signalling a broader consolidation of centralized crypto exchanges. www.nadanews.com · en.coin-turk.com
- [● 2 SOURCES] BitMart’s native token BMX fell about 60 % within 24 hours of the shutdown announcement and later lost roughly 85 % of its pre‑announcement value. livecoins.com.br