A month ago, crypto exchange BitMart was telling the market it planned to be around for another eight years. This week, it began shutting down. BitMart has started winding down its trading pl
A month ago, crypto exchange BitMart was telling the market it planned to be around for another eight years. This week, it began shutting down. BitMart has started winding down its trading platform, suspending new registrations, deposits and orders ahead of a full trading halt on August 26, in an abrupt reversal that has also cost its global chief executive his job, a departure he says he found out about the same way the public did.
In a notice published late Saturday, BitMart said the decision followed an evaluation of its operating conditions, market environment and future strategic direction. All spot, futures and other trading services will stop at 01:00 UTC on August 26, and the exchange plans to cease trading-platform operations entirely at 15:59 UTC on January 31, 2027. After that, users will retain login access for a period to view records and submit withdrawal requests.
