BitMart has set a global shutdown timetable for its exchange after reviewing its operating conditions, market environment, and future strategic direction. The company said it will end trading services worldwide on August 26 before fully ceasing operations in January 2027.

The decision follows several earlier service restrictions and comes only days after BitMEX announced plans to leave the market.

Important Notice

After a careful evaluation of the Company's operating conditions, market environment, and future strategic direction, BitMart has made the difficult decision to commence an orderly wind-down of its trading platform operations. We deeply regret having to make… pic.twitter.com/KX3zczIrAh

— BitMart (@BitMartExchange) July 26, 2026

Under the phased closure plan, BitMart began restricting new registrations, deposits, spot orders, and new futures positions on July 26 at 01:30 UTC. Withdrawals remain available, but higher demand and stricter compliance checks have increased pressure on users seeking to move assets before trading services are discontinued. For customers, the schedule makes the distinction between trading access and withdrawal access important: the exchange is ending market activity first while keeping a longer window for limited account and asset-processing functions.

Withdrawal Deadlines Tighten as Compliance Checks Expand

Futures accounts are now operating in reduce-only mode, meaning customers can close existing positions but cannot open new ones. BitMart is also discontinuing copy trading, grid trading, automated interfaces, and other supporting services as part of the wind-down.

The next major deadline is August 26 at 01:00 UTC, when all spot, futures, and related trading services are scheduled to stop. After that, the platform expects to continue limited operations until January 31, 2027, at 15:59 UTC.

To reduce possible delays, BitMart advised customers to close positions before the August trading cutoff. The exchange also encouraged users to submit withdrawal requests before 05:00 UTC on August 26.

However, withdrawal requests may be subject to identity verification, sanctions screening, source-of-funds checks, and wallet-ownership reviews before assets are released. Such reviews are common in regulated exchange operations, especially when platforms process large volumes of withdrawals or accounts with incomplete verification records. As a result, congestion, elevated demand, and additional compliance procedures could extend processing times.

Customers who miss the recommended withdrawal window will enter a separate processing procedure. BitMart has not yet disclosed how that process will work or how long it may take, leaving timing and documentation requirements as key points for users to monitor during the wind-down.

The global shutdown follows several earlier restrictions affecting specific products and customer groups. On July 23, users associated with the United States were instructed to close positions and withdraw their assets by August 8. One day later, BitMart suspended its automated market-making bot. On July 25, the platform announced the discontinuation of spot-margin trading, setting the stage for the broader shutdown schedule.

BMX Liquidity Weakens as BitMart Prepares to Exit

BitMart’s BMX token fell sharply around the shutdown announcement, dropping to about $0.1285, according to CoinGecko data. The token declined 12.7% in 24 hours and 58.5% over seven days.

BMX’s market capitalization fell to nearly $44 million, while its price remained about 79% below its June 2024 record of $0.619. Earlier reports also showed that BMX briefly lost more than 60% as some users raised concerns about delayed withdrawals.

Liquidity risks became more pronounced because most BMX activity remained concentrated on BitMart’s own markets. As those services are removed, the token will lose several internal venues used for price discovery and order execution. Exchange-linked tokens can be especially exposed to platform-specific changes because their trading depth, utility, and visibility often depend heavily on the issuing exchange’s own products and user base.

The shutdown contrasts with BitMart’s July 20 first-half report. At the time, the company said it supported more than 1,900 spot assets and had added 492 perpetual-futures pairs. The report also recorded a 256% period-over-period increase in assets under management.

In the same report, Chief Executive Nathan Chow said the eight-year-old company intended to remain active for another eight years. Less than one week later, BitMart entered a formal closure timetable, creating a sharp contrast between its recent expansion claims and its decision to stop operating.

BitMart had faced major challenges before the shutdown announcement. In December 2021, compromised private keys exposed two hot wallets and allowed attackers to remove an estimated $196 million in cryptocurrencies. After the breach, the exchange pledged to compensate affected users. It later completed a funding round that valued the company at more than $300 million.

The shutdown marks the end of a period shaped by expansion, security losses, product restrictions, and rising withdrawal pressure. It also places BMX liquidity, withdrawal processing, and the remaining operational timetable at the center of concerns surrounding the platform’s final exit.