BitMart shuts down trading as BMX crashes more than 60%

BitMart has started a phased shutdown of its global cryptocurrency exchange after reviewing its operating conditions, market environment, and future strategy. Summary BitMart stopped new registrations, deposits, and orders before ending all trading services on August 26. BMX lost about 63% in 24 hours as traders reacted to the exchange’s shutdown announcement. Withdrawals remain available, but BitMart advised users to submit requests before August 26’s recommended deadline. According to the official shutdown notice, the exchange stopped new registrations, cryptocurrency and fiat deposits, and new spot orders from 01:30 UTC on July 26. Futures accounts entered reduce-only mode, while copy trading, grid trading, API trading, and other automated services began winding down. The exchange will end all spot, futures, and other trading services at 01:00 UTC on August 26. However, the full platform will not close on that date. BitMart plans to terminate trading-platform operations at 15:59 UTC on January 31, 2027. Users will retain limited account access for a period after that date to review records and submit withdrawals. Important NoticeAfter a careful evaluation of the Company's operat...