BitMart Winds Down Trading as Exchange Closures Pile Up

BitMart is shutting down its trading operations. The exchange suspended new registrations, deposits, and new orders on July 26, 2026, and plans to stop all spot and futures trading at 01:00 UTC on August 26.

Withdrawals will stay open until January 31, 2027, though the company said requests may face extra compliance and identity checks.

Important NoticeAfter 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 users have a month to close open positions before trading halts on August 26. Futures accounts are already restricted to reduce-only mode. Copy trading, staking, lending, and the platform's Launchpad will be discontinued in phases, each on its own schedule.

BMX, the exchange's native token, dropped as much as 60% within 24 hours of the announcement.

A String of Exchange Exits

BitMart is the third established crypto trading venue to exit in recent weeks. BitMEX, the exchange credited with inventing the perpetual swap, said days earlier it will close on September 23, 2026, ending an 11-year run; the company pointed to a strategic business review.

EXMO.com began winding down earlier this month after the UK government added it to its Russia-related sanctions list and is now cooperating with authorities on an orderly exit.

Outside crypto, multi-asset broker BDSwiss has also stopped onboarding new clients for its offshore retail business, and its global website is no longer functioning.

While each closure reflects different circumstances, the concentration of announcements within a single quarter highlights how difficult it has become for offshore trading venues to compete in a market increasingly dominated by the largest exchanges and tighter regulatory requirements.