BitMart Is Closing: Shutdown Timeline and How to Withdraw Before August 26, 2026
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BitMart — the exchange that served crypto traders for nine years — is closing. On July 26, 2026 it announced an orderly wind-down of its trading platform operations: all trading ends on August 26, 2026 at 01:00 UTC, and the platform officially ceases operations on January 31, 2027 at 15:59 UTC. If you hold funds, open positions, or Earn products on BitMart, this page walks through the timeline and how to withdraw in good time.
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The important thing first: BitMart says the withdrawal service remains available, describes the wind-down as orderly and transparent, and cites business reasons — "operating conditions, market environment, and future strategic direction" — not a hack or insolvency. But it also strongly recommends completing identity verification and closing all positions before August 26, 01:00 UTC, and submitting withdrawal requests before August 26, 05:00 UTC. Requests after that window move to a separate processing procedure whose details are not yet published — so act early, on your own schedule.
BitMart shutdown timeline
- July 26, 2026, 01:30 UTC — new registrations and all crypto and fiat deposits begin suspending. Do not deposit anything to BitMart now — late deposits may not be automatically credited. Futures accounts are in Reduce-Only mode (no new positions), spot stops accepting new orders, and Copy/Grid/API trading winds down. Remaining Spot Margin positions were force-liquidated from 02:00 UTC.
- August 26, 2026, 01:00 UTC — all spot, futures, and other trading ends. Futures positions still open at that point may be settled by the platform at the applicable mark or index price, under settlement rules to be announced.
- August 26, 2026, 05:00 UTC — the recommended deadline to have submitted your withdrawal requests.
- January 31, 2027, 15:59 UTC — platform operations officially cease. Login remains possible for a further specified period to review records and submit withdrawal requests under the procedures in effect then.
Withdrawals and the manual-review queue
Withdrawals are open now and are processed broadly in order of submission — but requests can be routed to manual review: identity and KYC checks, login device and IP verification, withdrawal-address screening, source-of-funds review, Travel Rule and sanctions compliance, and requests for extra documentation where needed. BitMart notes that submitting a request does not mean it has been processed, and asks users not to submit duplicates. High volumes can extend processing times — one more reason not to wait for the deadline.
How to withdraw from BitMart in good time
- Log in to BitMart and review your balances, open positions, and any Earn, Staking, Lending, or Launchpad holdings.
- Close open positions yourself while trading is still available — futures are already Reduce-Only, and anything left open on August 26 may be settled by the platform rather than at a price you chose.
- Redeem Earn and similar products early — they are being discontinued in phases, with details arriving per product.
- Cancel any outstanding orders, and complete or refresh your identity verification and security settings so a withdrawal is not held up in review.
- Download and keep your records — balances, deposit and withdrawal history, and trading history — while they are easy to access.
- Carefully verify the withdrawal network and destination address, then withdraw to a destination you control — a self-custody wallet, or a deposit address at the exchange you are moving to.
- Submit withdrawal requests before August 26, 2026, 05:00 UTC, and leave margin for review queues and network confirmations.
One more group who should act: if you have an old BitMart account you have not touched in years, note that accounts inactive for two years or more are charged monthly custody fees under a policy updated July 24, 2026 (1%/month at two to three years of inactivity, 2%/month beyond that, minimum 10 USDT) — and a single login before the monthly snapshot exempts that cycle. If you have forgotten funds on BitMart, log in and withdraw them now, while the process is routine.
What about BMX?
BitMart's exchange token BMX fell approximately 58% in the 24 hours after the announcement, to around $0.08. As of July 26, 2026, no conversion, buyback, or compensation program for BMX holders has been announced. If that changes it will appear on BitMart's official channels — decisions about the token are yours alone, and this page offers no view on its price.
Watch out for wind-down scams
BitMart's own notice warns that impersonation scams increase during a shutdown. There are no paid "expedited processing" or priority-withdrawal services, no "account unfreezing fees," and no "security deposits" — anyone offering one is a scammer. Staff will never ask for your password, verification codes, private keys, or recovery phrase. Use only the official website, app, and support channels, and never send assets to a personal wallet address you were given in a chat.
Continuing to trade after BitMart
With trading closing on August 26 — and new positions already blocked — the practical question is where to trade next. WEEX is a crypto derivatives exchange built around perpetual futures. Products are price exposure with leverage — leverage amplifies losses as well as gains, and derivative and tokenized products are designed to track a price and can deviate from it; understand these risks before trading. If WEEX fits, you can open an account and complete verification, deposit USDT, and check the futures market listing for the contracts available. See where BitMart traders are going next for how to choose a replacement venue.
FAQ
When exactly does BitMart shut down?
All trading ends August 26, 2026 at 01:00 UTC. The platform officially ceases operations on January 31, 2027 at 15:59 UTC, with login access continuing for a further specified period for records and withdrawal requests.
Is my money on BitMart safe?
BitMart describes the wind-down as orderly and transparent, keeps withdrawals open, and cites business reasons — no hack, insolvency, or enforcement action is claimed. The reason to act early is practical: recommended deadlines on August 26, manual-review queues that lengthen under load, and unspecified procedures for late requests.
What happens if I miss the August 26 recommendation?
Withdrawals do not stop — BitMart says late requests transfer to a dedicated processing procedure, with arrangements to be communicated separately. That procedure is not yet specified, which is itself a good reason not to rely on it.
Can I still trade on BitMart?
Only in a limited way: since July 26 futures accounts are Reduce-Only and spot accepts no new orders. All trading ends August 26, 2026 at 01:00 UTC.
Where can I trade after BitMart?
Any exchange that lists the markets you trade. WEEX is one futures-first option; compare venues on contract coverage, liquidity, fees and security before moving. You can create a WEEX account here.
Why is BitMart closing — is it bankrupt?
No bankruptcy, hack, or enforcement action has been claimed. BitMart's official notice cites "operating conditions, market environment, and future strategic direction" — a business wind-down. Withdrawals remain available, with the recommended submission deadline of August 26, 2026, 05:00 UTC.
Is this related to BitMEX also closing?
No — they are separate events in the same week. BitMEX announced its own shutdown on July 23, 2026, three days before BitMart, for its own stated reasons. If you also hold funds on BitMEX, see the BitMEX closure timeline and withdrawal guide.
This content is for information only and is not investment advice. Trading derivatives with leverage carries a high risk of loss.
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This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
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