Centralized cryptocurrency exchange BitMart announced it has decided to gradually shut down its trading platform following an assessment of operating conditions, the market environment, and future strategy. This announcement marks another notable development in the centralized exchange sector, following the closure of BitMEX.
According to the schedule shared by BitMart, new user registrations, deposits, and new buy/sell orders were stopped as of July 26, 2026, at 04:30. All trading services on the exchange are planned to end on August 26, 2026, at 04:00. The platform is officially scheduled to close on January 31, 2027, at 18:59.
Related News 30-Year Expert: “Capital Flowing into Artificial Intelligence Will Shift to Bitcoin”BitMart, which gained particular popularity among altcoin investors in 2021, at one point ranked among the top 10 cryptocurrency exchanges in the world in terms of daily trading volume. That same year, investment firms such as Fenbushi Capital and Hack VC invested in BitMart at a valuation of approximately $300 million.
However, at the end of 2021, the exchange faced a major security breach in which approximately $200 million worth of crypto assets were stolen. Following that attack, it was claimed that the company experienced various operational and financial difficulties.
The closure announcement also created strong selling pressure on BitMart’s native token, BMX. The price of BMX lost approximately 63 percent of its value in the last 24 hours.
*This is not investment advice.