Source: BitMart X Post

Summary:

New registrations and deposits are suspended as of July 26, 2026.
All trading services will be discontinued by August 26, 2026.
The platform will fully cease operations on January 31, 2027.
Users must withdraw all assets before the final deadline.
Be vigilant against increased scam attempts during this period.

What is the official timeline for BitMart's shutdown?

BitMart's shutdown is a phased process, beginning with the suspension of new registrations and deposits on July 26, 2026, followed by the discontinuation of all trading services by August 26, 2026, and a complete cessation of platform operations on January 31, 2027.

The exchange has published a clear multi-phase shutdown schedule, with critical deadlines that users must adhere to:

Date (UTC)	Event	User Action Required
July 26, 2026 — 01:30	New user registrations & all deposits suspended. Futures accounts in Reduce-Only mode. Spot, copy, grid, API trading gradually discontinued.	Cancel outstanding orders. Do not send new funds.
August 26, 2026 — 01:00	All trading services (spot, futures, etc.) fully discontinued.	Close all futures and trading positions. Submit withdrawals before 05:00 UTC to avoid extended processing.
January 31, 2027 — 15:59	Platform operations officially cease.	Ensure all assets are withdrawn. Limited login for records/withdrawals may be available, but not guaranteed.

What immediate actions should BitMart users take?

BitMart users must immediately log in, complete KYC if not already done, cancel all outstanding orders, close all trading positions, redeem earn products, verify withdrawal details, download account history, and submit all withdrawals before the August 26, 2026 deadline.

To ensure the safety of your assets, follow these steps as soon as possible:

Log in immediately: Access your account via the official BitMart website or mobile app and review all balances across spot, futures, and earn products.
Complete KYC if not already done: Identity verification is crucial for withdrawal processing. Delays in KYC can block your withdrawal.
Cancel all outstanding orders: Do not rely on the system to cancel your open orders; do it yourself now.
Close all futures and trading positions: All positions must be closed before 01:00 UTC on August 26, 2026.
Redeem all earn, staking, and lending products: Initiate redemptions for each product individually.
Verify your withdrawal network and destination address: Triple-check all details before initiating any withdrawal, as blockchain transactions are irreversible.
Download your complete account history: Save balance snapshots, deposit/withdrawal history, and trading records for tax purposes or potential disputes.
Submit your withdrawal before 05:00 UTC on August 26: This is the recommended deadline to avoid extended processing queues.

How did the Shutdown Affect the BMX token?

BitMart's native token, BMX, fell 17.55% over the past 24 hours following the exchange's wind-down announcement, trading at around $0.064. The token has declined 79.16% over the last seven days and 80.87% over the past 30 days, while its market capitalisation stands at approximately $20.61 million. The sharp decline highlights the risks of holding exchange-native tokens, whose value is closely tied to the continued operation and utility of a single centralised trading platform.

Source: BubbleNexus

What should users expect during the withdrawal process?

Withdrawal services remain available but are subject to processing queues and compliance reviews, which may include KYC, security checks, and regulatory requirements, potentially leading to varying processing times.

Withdrawal requests are processed in the order they are submitted and undergo several compliance reviews. These may include:

KYC and identity verification
Device, IP, and account security checks
Withdrawal address and blockchain risk review
Source-of-funds and trading history examination
Travel Rule, sanctions screening, and other regulatory requirements

Additional documentation, such as proof of identity or address, may be requested. Processing times can vary significantly, so users should check their withdrawal history regularly and avoid submitting duplicate requests.

How can users protect themselves from scams during the shutdown?

Users must be highly vigilant against increased scam activity, remembering that BitMart official staff will never contact them via unofficial channels or ask for fees, passwords, or private keys to facilitate withdrawals.

Exchange closures often lead to a surge in scam attempts. BitMart has issued explicit warnings:

BitMart Official Staff Will NEVER:

Contact you via Telegram, WhatsApp, WeChat, or private social media.
Ask for “expedited fees”, “unfreezing fees”, or “security deposits.”
Request your password, SMS codes, Google Authenticator codes, private keys, or recovery phrases.
Offer paid priority or expedited withdrawal channels.

Only Use These Official Channels:

Official website and mobile app.
Communications from your registered email address.
Official support ticket system.

Any contact claiming to be BitMart staff through other channels, especially those asking for payment to release funds, is a scam. Do not engage, do not send funds, and report such contacts immediately.

Frequently Asked Questions

Q: Will I lose my funds if I don't withdraw them by the deadline?
A: While BitMart states users may log in for a limited period after January 31, 2027, to view records and submit withdrawals, it is strongly advised to withdraw all assets before this date to avoid potential complications or loss of access.

Q: What if I have open futures positions?
A: All futures positions must be closed before August 26, 2026, 01:00 UTC. Any remaining positions after this deadline may be settled by the platform according to its rules at that time.

Q: Can I still deposit funds to BitMart?
A: No, all cryptocurrency and fiat deposits were suspended as of July 26, 2026, 01:30 UTC. Do not send any funds to BitMart after this point.

Q: Where can I find official updates from BitMart?
A: Always refer to the official BitMart website, their support articles, and communications sent to your registered email address for accurate and up-to-date information.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research before making investment decisions.