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Crypto exchange BitMart to close after 9 years, BMX token plunges 58%

Market News
26 Jul 2026
Coindesk
View Source
Bearish
Crypto exchange BitMart to close after 9 years, BMX token plunges 58%

BitMart, a cryptocurrency exchange operating for nine years, announced it will shut down its trading platform by August 26, 2026, and cease all operations by January 31, 2027. The closure was attributed to challenging operating conditions, market environment, and future strategy, though no specific reasons were detailed. Following the announcement, BitMart's BMX token dropped 58% in 24 hours, continuing a yearlong decline. Users have until August 26 to close trades and six months to withdraw funds, with withdrawals subject to enhanced security checks that may delay processing.

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