BitMart gives US users just days to pull crypto before aggressive new compliance checks risk freezing their assets

The BitMart withdrawal deadline for users covered by its U.S. rules is Aug. 8 at 23:59 UTC, an earlier regional cutoff than the exchange's Aug. 26 global trading halt.

The U.S. user notice applies to people who reside in or are located in the United States, as well as anyone otherwise treated as a U.S. user under BitMart's agreement and policies.

Covered users are told to cancel outstanding orders, close applicable positions, redeem or withdraw eligible product balances, and remove their remaining assets. They may also need to convert or withdraw assets that are not supported by their intended destination.

After the Aug. 8 deadline, BitMart said it may further restrict affected accounts. Remaining assets will be handled under applicable law, the BitMart user agreement and the exchange's compliance procedures.

Withdrawals under the BitMart withdrawal deadline may require identity verification, source-of-funds information, proof that the user owns the destination wallet or a security review. BitMart did not provide a maximum processing time, so a submitted request may remain subject to checks after the regional deadline.

Moving to BitMart U.S. is not automatic. The company described it as a separate platform that requires a new account and its own identity checks. Eligibility depends on the user's jurisdiction, and users must confirm that their assets, networks and intended services are supported. Registration does not guarantee approval or access to a particular product.

The U.S. notice and BitMart's global wind-down notice establish separate, overlapping timelines. For the wider platform, BitMart said gradual suspensions of new registrations, deposits, new positions, new spot orders and automated trading were scheduled to begin July 26 at 01:30 UTC. The notice gives no single completion time for that rollout and does not establish that every measure is already active platform-wide.

BitMart plans to end all spot, futures and other trading at 01:00 UTC on Aug. 26. Futures positions left open at that time may be settled under the applicable mark price, index price or settlement rules, with detailed arrangements still to come.

The exchange strongly recommends that all users submit withdrawal requests before 05:00 UTC on Aug. 26. That time is a recommendation, not a stated hard cutoff.

BitMart said withdrawals not completed within the recommended period will enter a dedicated procedure whose arrangements and documentation requirements have not yet been specified. High request volume, additional documents, blockchain congestion and compliance or risk reviews may extend processing.

The exchange plans to cease trading platform operations on Jan. 31, 2027, at 15:59 UTC. It said users will retain login access for a period afterward to review records and submit withdrawals under the procedures then in force.

The post BitMart gives US users just days to pull crypto before aggressive new compliance checks risk freezing their assets appeared first on CryptoSlate.