BitMart announced on July 26, 2026, that it has begun an orderly wind-down of its trading platform operations following an evaluation of its business conditions, market environment, and future strategy. The exchange stopped new registrations and cryptocurrency deposits at 01:30 UTC on July 26, 2026, and plans to end all trading services on Aug. 26, 2026, before fully ceasing operations on Jan. 31, 2027. Former BitMart Global CEO Nenter Chow stated he was not involved in the shutdown decision and learned of the announcement publicly after being informed on July 24, 2026, that his employment as Global CEO was being terminated. The closure follows a broader trend of crypto exchange exits, including BitMEX's announcement on July 23, 2026, to close its platform on Sept. 23, 2026.
BitMart Announces Phased Shutdown Timeline Starting July 26, 2026
BitMart shared the shutdown timeline through its official X account, outlining key dates for registration, deposit, trading, and platform termination milestones. The exchange began restricting new registrations and suspending cryptocurrency and fiat deposits at 01:30 UTC on July 26, advising customers not to send additional assets, as late transfers may not be credited automatically.
At the same time, BitMart limited trading activity by placing futures accounts into reduce-only mode and blocking the opening of new positions. Spot markets stopped accepting new orders, while copy trading, grid trading, API trading, and other automated services were also gradually phased out.
The platform is scheduled to discontinue spot, futures, and other trading services on Aug. 26, 2026, at 01:00 UTC. Any remaining futures positions at that time may be settled based on the platform's applicable mark price, index price, or other established settlement procedures during the closure process. BitMart expects to officially terminate platform operations at 15:59 UTC on Jan. 31, 2027. After that date, users will still have access for a specified period to review account records and submit withdrawal requests under procedures announced by the company.
Former CEO Nenter Chow Excluded From Shutdown Decision
Former BitMart Global CEO Nenter Chow addressed the shutdown announcement on X, explaining that his departure from the company began before the platform disclosed its wind-down plans. Chow stated that he was informed on July 24, 2026, that his employment as Global CEO was being terminated and that his offboarding process would begin immediately, although he had not received a confirmed final date.
"Since 24 July I have had no role in the management or decision-making of the company and have not been consulted on any operational matters," Chow wrote. He added: "I was not involved in the decision announced today, not consulted on it, and not informed of it. I learned of it when it became public."
BitMart Maintains Withdrawal Access With Compliance Checks
BitMart said withdrawals will remain available throughout the wind-down period, although some requests may require identity verification, security checks, sanctions screening, source-of-funds reviews, or other compliance procedures before completion.
The exchange also warned users about impersonation scams during the transition, emphasizing that BitMart employees will not request passwords, private keys, recovery phrases, authentication codes, or payments for faster withdrawal processing.
BitMEX Closure Highlights Industry Exit Trend
BitMart's planned closure follows other crypto platform exits that have required users to move assets and navigate withdrawal deadlines. BitMEX announced on July 23, 2026, that it would close its crypto exchange on Sept. 23, 2026, following a strategic review of the business and broader digital asset market. The exchange, operated by HDR Global Trading Limited, said it would immediately stop new account registrations while allowing existing users time to close positions and withdraw funds before the shutdown deadline.
Regulatory developments have also reshaped how crypto platforms operate in major markets. Binance's suspension of services in some European markets showed how compliance requirements can influence exchange availability and product access for customers.
FAQ
What is BitMart's final shutdown date?
BitMart plans to officially terminate platform operations at 15:59 UTC on Jan. 31, 2027. The exchange will discontinue all trading services on Aug. 26, 2026, at 01:00 UTC, and stopped new registrations and deposits at 01:30 UTC on July 26, 2026.
Can BitMart users still withdraw funds during the shutdown process?
BitMart said withdrawals will remain available throughout the wind-down period. Some withdrawal requests may require identity verification, security checks, sanctions screening, source-of-funds reviews, or other compliance procedures before completion. After Jan. 31, 2027, users will still have access for a specified period to review account records and submit withdrawal requests under procedures announced by the company.
