Crypto exchange BitMart to wind down trading platform by January 2027
BitMart will shut down its crypto trading platform through an orderly wind-down process after determining that current operating conditions, market circumstances and its long-term strategy no longer support continuing operations, the company said this week.
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
In a statement, the exchange said it will gradually stop accepting new users, suspend fiat and crypto deposits, prevent new futures positions and spot orders, and phase out copy trading, grid trading, API trading and other automated services beginning July 26, 2026.
Trading across spot and futures markets will cease on Aug. 26, while investment products including Earn, staking, lending and Launchpad will be retired separately. The exchange expects to officially cease platform operations on Jan. 31, 2027, although users will temporarily retain access to their accounts for withdrawals and historical records afterward.
Users are advised to withdraw assets as early as possible by completing KYC verification, closing open positions and submitting withdrawal requests before the Aug. 26 deadline.
The firm said withdrawals will remain available but may be subject to identity verification, blockchain risk analysis, Travel Rule compliance, sanctions screening and source-of-funds checks, with processing times potentially extended during periods of heavy demand.
Established in 2017 by founder and CEO Sheldon Xia, BitMart has grown to support a wide range of crypto trading products and investment services. Its wind-down comes amid a prolonged crypto market downturn that has forced several companies to shut down, restructure or scale back operations.
Earlier this week, BitMEX, co-founded by Arthur Hayes, announced it will shut down on Sept. 23, one of crypto’s longest-running derivatives exchanges.
