# BitMart Begins Shutdown Process for Crypto Exchange The exchange will halt all trading services in 2026 before closing permanently. - **Source:** [Bitcoin News](https://brifing.si/source/d8aeaf1e-9839-4dad-9d25-7a6bf3fbeef8) - **Published:** 2026-07-26 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/525c3f15-f119-4e31-a8df-0bfd62f9909a ## BitMart Announces Shutdown Process BitMart has initiated a phased shutdown after evaluating its business conditions and market environment. Starting July 26, 2026, new registrations, deposits, and trading activities will be suspended. The exchange will terminate all trading services on August 26, 2026, before ceasing operations entirely. ## Critical Dates for Users BitMart informed users about the shutdown timeline via its official X account. New registrations and deposits were halted on July 26. All trading services, including spot and futures, will end on August 26. Users must pay attention to these deadlines to withdraw their assets in time. ## Former CEO Was Unaware of Decision BitMart's former Global CEO, Nenter Chow, stated he was not involved in the shutdown decision and learned about it publicly. Chow revealed he was terminated on July 24 and no longer had any role in the company's management. This highlights internal conflicts during the shutdown process. ## Withdrawal Process for Users BitMart assured users that withdrawals will remain available during the shutdown period. However, some requests may require identity verification, sanctions screening, or source-of-funds reviews. Users should complete their withdrawals before the final deadline to avoid complications. ## Other Exchanges Also Closing BitMart's shutdown follows similar announcements from other crypto exchanges. BitMEX also revealed it will close on September 23, 2026. These developments reflect increasing regulatory pressures and operational challenges in the crypto market. ## Important Warnings for Users BitMart warned users about potential scams during the shutdown process. The exchange emphasized that its employees will never ask for passwords, private keys, or authentication codes. Users should follow official announcements and remain cautious of suspicious requests to secure their assets. ## Sources covering this story - https://news.bitcoin.com/bitmart-begins-shutdown-process-as-crypto-exchange-sets-final-trading-deadline/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._