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BitMart processes 300 ETH withdrawals per hour amid its planned shutdown.

Market News
08 Aug 2026
Crypto Briefing
View Source
Bearish
pluang ai news

BitMart, a nine-year-old crypto exchange, announced it will shut down operations in stages, freezing new registrations and deposits immediately and ceasing all trading by August 26, 2026, with full closure by January 31, 2027. Users are withdrawing about 300 ETH per hour, though temporary freezes and delays have caused frustration. The exchange attributes delays to enhanced compliance checks during the wind-down. BitMart's native BMX token plummeted over 58% after the shutdown news. While the closure hasn't impacted broader Ethereum markets, users are advised to withdraw funds promptly as withdrawal capacity may tighten closer to the final shutdown date.

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