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BitMart to Shut Down Crypto Exchange After Nine Years as BMX Token Drops 58%

BitMart will shut down its crypto exchange services after nine years, ending trading services on August 26, 2026, before full closure in January 2027. The announcement triggered a sharp BMX token decline as users moved to close positions and withdraw assets.
Crypto exchange BitMart will close its trading platform after nine years of operation. The company will stop all trading on August 26, 2026, before ending platform operations on January 31, 2027.

BitMart announced the wind-down on Sunday after reviewing its business conditions, market environment, and plans. It did not name a specific financial, legal, or security issue behind the decision.

The exchange stopped new registrations, deposits, and new trading orders at 01:30 UTC on July 26. Futures accounts also moved into reduce-only mode, which allows users to close positions but blocks new ones.

BitMart said that all spot, futures, and other trading services will end at 01:00 UTC on August 26. Open futures positions may be settled by the platform if users do not close them before the deadline.

The company also advised users to complete identity checks, cancel open orders, and submit withdrawal requests before 05:00 UTC on August 26. Accounts will remain accessible after trading ends, but later withdrawals may follow a separate review process.

“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,” the exchange said.

BitMart added that Earn, staking, lending, Launchpad, copy trading, grid trading, and automated services will close in stages. Separate notices will explain redemption dates for affected products.




BitMart to Shut Down Crypto Exchange After Nine Ye

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Bitcoin Price Prediction: Support at $59,000 Could Decide the Next .Bitcoin remains in a bear market but may be entering its final stretch, according to a chart analyst tracking the cryptocurrency’s h

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A Cycle Bitcoin Has Followed Before

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