Users have a month to close trades and six months to withdraw funds, and the exchange gave no specific reason for the closure.
- Cryptocurrency exchange BitMart will wind down its trading platform after nine years, halting all trading by Aug. 26 and fully ceasing operations on Jan. 31, 2027.
- The closure, attributed vaguely to operating conditions, the market environment and future strategy, sent BitMart’s BMX token down about 58% in 24 hours, extending a yearlong slide of roughly 70%.
- BitMart, which recently reported about $1.6 billion in 24-hour trading volume, is keeping withdrawals open but warns of extra identity and security checks that could delay processing as users rush to exit.
The company attributed the decision to “operating conditions, market environment, and future strategic direction,” offering no further detail on which of those factors led to the closure.
CoinDesk has reached out to BitMart for further comment.
Newsletters
- 1 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 19 hours ago
- 2 Crypto job postings triple to over 1,200 in September, but applications fall 19 hours ago
- 3 Cathie Wood says smart investors need to start watching where AI agents spend money 20 hours ago
- 4 Crypto's Sisyphean struggle 22 hours ago
- 5 BlackRock offers a glimpse of how tokenization may change your investment portfolio 22 hours ago
- 6 Bank group sues U.S. regulator over granting crypto trust charters 1 day ago
- 7 BNY in talks with Kraken parent Payward over infrastructure partnership 1 day ago
- 8 Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% 1 day ago
- 9 Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown 1 day ago
- 10 America at a crossroads: Commissioner Peirce’s parting challenge 1 day ago
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Cathie Wood says smart investors need to start watching where AI agents spend money
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
The original source remains the canonical version for attribution, rights, and later updates.
Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.
← Back to latest