BitMart published an official notice on July 26 confirming it has decided to wind down all trading operations, citing market conditions and strategic direction as the reasons. The platform stopped accepting new user registrations and suspended all deposit services as of July 26 at 01:30 UTC, warning users not to send any assets to BitMart wallet addresses after this time. The shutdown follows a broader trend in the crypto exchange industry, with BitMEX also announcing permanent closure on July 23 for Sep. 23, 2026 at 04:00 UTC.
BitMart Suspends Deposits and Trading
As of July 26 at 01:30 UTC, BitMart stopped accepting new user registrations and suspended all deposit services. The platform 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.
BitMart Sets Final Shutdown Dates
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.
BitMEX Announces Closure
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 Issues User Action Procedures
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 Warns of Scam Risks
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.
FAQ
What did BitMart announce on July 26?
BitMart published an official notice on July 26 confirming it has decided to wind down all trading operations, citing market conditions and strategic direction as the reasons. The platform suspended new user registrations and all deposit services as of July 26 at 01:30 UTC.
When does BitMart stop all trading?
The hard trading deadline is Aug. 26, 2026 at 01:00 UTC. All spot and futures trading stops at that point. The final date for the platform to entirely cease operations is Jan. 31, 2027 at 15:59 UTC.
How can BitMart users withdraw their funds?
BitMart recommends users complete identity verification and close all trading positions before Aug. 26 at 01:00 UTC, then submit withdrawal requests before Aug. 26 at 05:00 UTC. Users should cancel all open orders, redeem any Earn, staking, or lending products, and download full account history before withdrawing.
