BitMart has completed two formal negotiation rounds with invited users from its top-50 cohort and has started drafting the long-form legal documents that will underpin the exchange's proposed repayment options, according to a progress update the company posted to its official customer-support center on Nov. 13. The move from talks to drafting advances the process toward formalized terms for the repayment framework.

The Nov. 13, 2026 update marks the latest publicly disclosed step in the exchange's restructuring-related engagement with its largest account holders. Under the process outlined, the two concluded rounds of negotiations involved users invited from the top-50 group, with the drafting of comprehensive legal documentation representing the subsequent phase toward formalizing the proposed repayment arrangements. That sequencing follows a pattern common to exchange restructurings, in which terms reached with major account holders are typically captured in definitive documentation once negotiations progress; concentrating the opening rounds on the top-50 cohort ties the process directly to the platform's largest accounts. For users, the documentation stage matters because it is where negotiated arrangements take written form as the specific terms of the proposed repayment options.

BitMart is a global digital-asset exchange founded in 2017, offering spot trading across a range of cryptocurrencies to users in multiple countries. The company disseminates operational announcements through its official customer-support center, which carried the Nov. 13 progress update, making that channel the expected source for follow-up disclosures such as additional negotiation rounds, completed drafts, or the detailed terms of the proposed repayment options.

This report was first published by COINOTAG: BitMart Completes Two Top-50 User Talks and Starts Restructuring Legal Drafting