Bitmart will shut down after nine years of operation

Bitmart is closing its worldwide crypto exchange after nine years, and the announcement sent BMX down about 60% on Sunday, according to data from Coingecko.

The company said, “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 this decision.”

Bitmart stated that while clients close positions, redeem merchandise, preserve records, and withdraw money, certain components of its system will continue to function. The conclusion of full platform operations is set for January 31, 2027, at 15:59 UTC.

The closure comes after Cryptopolitan reported on Thursday that another exchange BitMEX had ended operations after 11 years, so two major crypto trading platforms shut down in just four days.

Bitmart blocks new activity before it ends all trading in August

Bitmart began putting the restrictions in place on July 26, 2026, at 01:30 UTC. From that point, new users could no longer open accounts, while crypto and cash deposits were being switched off.

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