BitMart Closing Down: BMX Crashes 70% as Crypto Exchange Ends Nine-Year Run
TLDR
- BitMart is closing its trading platform, ending all trading on Aug. 26 and fully shutting down on Jan. 31, 2027.
- The exchange’s native token BMX fell nearly 70% following the announcement.
- Users reported delayed withdrawals, with some USDT requests pending for hours.
- BitMart joins BitMEX and Dango as crypto exchanges announcing closures this week.
- The exchange held around $71 million in crypto assets, down from $102 million earlier in July.
Crypto exchange BitMart has announced it will shut down after nine years in operation. All trading will stop on Aug. 26, with the platform fully closing on Jan. 31, 2027.
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
The exchange stopped accepting new registrations, deposits, and trading orders from 01:30 UTC on Sunday. Futures accounts were moved to reduce-only mode. Spot markets no longer accept new orders.
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