Crypto exchange BitMart has announced the orderly wind-down of its trading services following an evaluation of operating conditions, market environment and long-term strategy. New registrations and deposits will be suspended starting July 26, 2026, while spot and futures trading will cease on August 26, 2026, with official operations ending on January 31, 2027. Founded in 2017 by Sheldon Xia, the platform cited unfavorable market conditions and strategic considerations as reasons for the shutdown. This closure comes amid a prolonged crypto market downturn that has already forced several industry players to shut down, including BitMEX which will cease operations on September 23. Users are advised to withdraw their assets as early as possible, with temporary withdrawal access available after the official closure date.
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