BitMart said it will discontinue all trading services on Aug. 26 before formally closing its platform on Jan. 31, 2027, as part of an orderly wind-down of operations.

In a July 26 notice, the exchange said the decision followed a review of its operating conditions, the market environment, and its future strategy. BitMart urged users to complete identity verification, close positions, redeem investment products, and withdraw assets as early as possible.

The company also warned users to remain alert for scams during the wind-down period, saying it will never ask for private keys or charge fees through unofficial channels to speed up withdrawals. For users, the staged timeline means trading access will end well before the platform’s formal closure, while withdrawals and record retrieval remain the main account functions during the remaining wind-down period.

Trading Services to Be Phased Out

According to BitMart’s official notice, the first operational changes began on July 26 at 01:30 UTC. From that point, the exchange said it would gradually suspend new user registrations, cryptocurrency and fiat deposits, and the placement of new trading orders.

Futures accounts will be moved into reduce-only mode, meaning users will not be able to open new positions. Spot trading will also stop accepting new orders, while copy trading, grid trading, API trading, and other automated services will be shut down in stages.

The next major deadline is Aug. 26 at 01:00 UTC, when BitMart said it will end all spot, futures, and other trading services. The exchange said any futures positions that remain at that time may be settled under applicable settlement rules, with additional details to be released separately.

Withdrawals to Remain Open During Wind-Down

BitMart said withdrawal services will remain available throughout the wind-down process, even after trading services are discontinued. However, the company advised users to complete identity verification, cancel outstanding orders, and redeem Earn, staking, lending, and other investment products before the Aug. 26 trading deadline.

The exchange also encouraged users to download their account balances, deposit records, withdrawal histories, and trading records before platform operations end. Those records can be important for account reconciliation, tax reporting, and documenting completed transfers after trading and platform services are no longer available. Users were advised to carefully confirm destination wallet addresses and blockchain networks before submitting withdrawal requests.

Some withdrawal requests may be subject to additional compliance checks. BitMart said these reviews may include identity verification, account security reviews, source-of-funds assessments, sanctions screening, and Travel Rule requirements.

Platform Operations to End in January

BitMart said the platform will officially cease operations on Jan. 31, 2027, at 15:59 UTC. After that date, users will temporarily retain account access to review records and submit withdrawal requests under the applicable procedures.

The exchange also cautioned users about fraudulent communications during the closure process. BitMart said it will never request passwords, private keys, recovery phrases, or fees for expedited withdrawals through unofficial communication channels.