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

Jul 26, 2026 · 6:59 AM UTC ·4 min read · 0 reactions · 0 comments · 20 views

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MarketsCrypto exchange BitMart to shut down after nine years, BMX token crashes 58%Users have a month to close trades and six months to withdraw funds, and the exchange gave no specific reason for the closure.By Shaurya MalwaUpdated Jul 26, 2026, 2:55 p.m. 26, and the platform formally ceases operations on Jan. The token was already down about 70% over the past year, so Sunday's drop extended a long decline rather than starting one.The exchange's trading figures are significant, despite the closure.

Key facts

▪MarketsCrypto exchange BitMart to shut down after nine years, BMX token crashes 58%Users have a month to close trades and six months to withdraw funds, and the exchange gave no specific reason for the closure.By Shaurya MalwaUpdated Jul 26,
▪26, and the platform formally ceases operations on Jan.
▪The token was already down about 70% over the past year, so Sunday's drop extended a long decline rather than starting one.The exchange's trading figures are significant, despite the closure.

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Original publisher	Coindesk
Canonical URL	https://www.coindesk.com/markets/2026/07/26/crypto-exchange-bitmart-to-shut-down-after-nine-years-bmx-token-crashes-58
Publication time	Sun, 26 Jul 2026 06:59:51 +0000
Retrieval time	2026-07-26T16:09:14.522Z
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Opening excerpt (first ~120 words) tap to expand

MarketsCrypto exchange BitMart to shut down after nine years, BMX token crashes 58%Users have a month to close trades and six months to withdraw funds, and the exchange gave no specific reason for the closure.By Shaurya MalwaUpdated Jul 26, 2026, 2:55 p.m. Published Jul 26, 2026, 6:59 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on Crypto exchange BitMart to shut down after nine years. (Tim Mossholder/Unsplashed, modified by CoinDesk)#se-_R_99qanpfiupanivb_ .document-body > p:first-of-type::first-letter{float:none!important;font-size:inherit!important;line-height:inherit!important;margin-right:0!important;margin-top:0!important;font-weight:inherit!important}SummaryShowCryptocurrency exchange BitMart will wind down…

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