Crypto exchange BitMart to shut down after nine years, BMX token crashes 58%

CryptoInfo Editorial Team · Published on July 26, 2026 at 06:59 · Updated on July 26, 2026 · 1 min read

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Key Takeaways

→BitMart is shutting down after nine years of operation
→Users have a month to close trades and six months to withdraw funds
→The BMX token has crashed 58% following the announcement

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

Crypto exchange BitMart has announced it will be shutting down after nine years of operation, as reported by CoinDesk. Users have been given a month to close any open trades and six months to withdraw their funds.

The exchange did not provide a specific reason for its closure. The news has had a significant impact on the price of the exchange's native token, BMX, which has crashed 58%.

This is based on reporting from CoinDesk. The shutdown of BitMart comes as a surprise, given its longevity in the crypto space.

Source: CoinDesk ↗