BitMart Shuts Down: Second Major Crypto Exchange to Announce Closure in One Week
Three days after BitMEX told users it was closing after eleven years, BitMart has announced the orderly cessation of its own trading platform. The notice went live on 26 July 2026 at 01:40 UTC and puts a hard clock on every balance still sitting on the exchange. Two centralized venues announcing wind-downs in the same week is not a coincidence โ it is what the mid-tier exchange model looks like when the numbers stop working.
What exactly did BitMart announce?
BitMart says the decision follows an evaluation of its operating conditions, market environment and future strategic direction. There is no mention of insolvency, hack or enforcement action. The wording is the corporate equivalent of the business no longer paying for itself.
The shutdown is staged rather than immediate:
- 26 July 2026, 01:30 UTC โ new user registrations stop, all crypto and fiat deposits are suspended, futures accounts move to Reduce-Only, spot stops accepting new orders, and Copy Trading, Grid, API and other automated services are switched off in phases. Open orders must be cancelled by users or will be cancelled by the system.
- 26 August 2026, 01:00 UTC โ all spot, futures and other trading services end. Any futures position still open may be settled by the platform at its mark, index or applicable settlement price.
- 31 January 2027, 15:59 UTC โ the trading platform officially ceases operations. Accounts remain accessible for a period afterwards for history and withdrawal requests.
Earn, Staking, Lending and Launchpad products are being retired in phases, with separate redemption notices to follow.
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