BitMart, a major cryptocurrency exchange founded in 2017 and offering over 1,700 cryptocurrencies, announced on July 26, 2026 the gradual shutdown of its trading operations. New registrations, deposits, and trading orders have been suspended immediately, trading services will cease in one month, and the platform will shut down at the end of January at 15:59 UTC. Withdrawals will remain possible after closure. The native token BMX plunged over 60% in 24 hours, dropping from $0.32 to $0.09. This closure follows BitMEX, which will cease operations on September 23, illustrating the wave of shutdowns hitting the cryptocurrency sector.
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