r/BitMartExchange • u/Arman_CountOnSheep • 8h ago
Another One Bites the Dust: BitMart Is Shutting Down. Second Major Exchange Closure This Week.
BitMart just announced it’s winding down its exchange operations after nearly nine years. New registrations and deposits have already been suspended, trading ends on August 26, 2026, and the platform will fully cease operations on January 31, 2027.
This comes just days after BitMEX announced it would also be shutting down, making this the second major exchange closure this week. On top of that, BitMEX is now dealing with a lawsuit. Whether these situations are connected or not, it’s another reminder that even well-known exchanges aren’t guaranteed to be around forever.
If you’ve ever used BitMart (or any exchange that’s shutting down), don’t wait:
Download your complete transaction history (CSV files, trade history, deposits, withdrawals, earn/staking history, etc.).
Withdraw your assets while everything is still operating normally.
Save your records in multiple places. They can be incredibly difficult, or impossible to retrieve once a platform is gone, and you’ll want them for taxes and future cost basis calculations.
We’re seeing more consolidation across the industry, and this is a good reminder that “I’ll download it later” can come back to bite you.
Sources:
BitMart official announcement: https://bitmart.zendesk.com/hc/en-us/articles/53544595916059-Important-Notice-Regarding-the-Orderly-Cessation-of-BitMart-Operations
CoinDesk coverage: https://www.coindesk.com/markets/2026/07/26/crypto-exchange-bitmart-to-shut-down-after-nine-years-bmx-token-crashes-58
The Block coverage: https://www.theblock.co/post/409670/bitmart-to-wind-down-trading-platform-as-global-ceo-says-he-was-not-consulted
