bitmart

Crypto KOL Phyrex posted on platform X, stating, "BitMart and BitMex did not close due to a collapse; it is very different from the sacrifice of FTX. These two primarily faced business issues."According to him, in 2023, BitMart had approached his associates about an acquisition, and they had done a lot of data analysis at the time, but it ultimately came to nothing. In fact, part of the decline of many third-tier exchanges is due to the impact from Binance Alpha.Small exchanges are essentially the stronghold of various altcoins, pump coins, Ponzi coins, and community coins, but the emergence of Alpha has provided better sources for these coins, which has also led to a significant reduction in listing fees for third-tier exchanges and a decrease in profits from joint market-making.Another reason is the signal teachers. In fact, the total number of signal teachers is not very large, but they have waves of associates. These teachers generally move between various exchanges, and once a new exchange offers better profits, these teachers quickly lead their followers to switch. The recent well-known cases of exchanges running away generally follow this pattern.

BitMart's global CEO Nenter Chow posted on the X platform stating that he was informed on July 24 that his position as global CEO would be terminated and that he would immediately enter the resignation process.Nenter Chow stated that since July 24, he has not participated in BitMart's management and decision-making, nor has he been involved in discussions or decisions regarding the cessation of the trading platform's operations. He indicated that he only learned of this decision after the official announcement from BitMart was made public.Nenter Chow expressed that his primary concern at the moment is the safety of BitMart users' assets and the placement of employees, and he reminded users to only refer to BitMart's official channels for handling account-related matters.

Regarding the details of the withdrawal announcement released by Bitmart, WOO X ambassador Baki posted on the X platform, "BitMart is restricting user withdrawals for security reasons, and its operation to disable the automatic withdrawal function may result in a large number of users being unable to complete fund withdrawals. The platform has changed the withdrawal process to manual review, requiring users to submit account identity and KYC information verification, login device and IP address and account security status verification, withdrawal address and blockchain transaction risk review, source of funds and transaction history review, Travel Rule compliance and sanctions screening, and other regulatory checks. If necessary, additional documents such as proof of identity, proof of address, proof of source of funds, or proof of ownership of the withdrawal address may also be required."Baki suggested that users with P2P options could withdraw to their bank accounts through that channel; he also emphasized that the crypto market is not decentralized but controlled by a few large groups, exchanges, and funders.

According to the official announcement, BitMart has announced that after assessing its operational status, market environment, and future strategic direction, the platform has decided to orderly cease trading operations. Starting from July 26 at 01:30 (UTC), BitMart will gradually stop new user registrations and cryptocurrency, fiat currency deposits. The contract accounts will enter a mode of only reducing positions, spot trading will stop accepting new orders, and automated services such as copy trading, grid trading, and API trading will also gradually shut down.Starting from August 26 at 01:00 (UTC), BitMart will stop all spot, contract, and other trading services. Any contract positions that have not been closed by then may be processed according to the marked price, index price, or applicable settlement rules. Financial management, staking, lending, and Launchpad products will be terminated in phases, with specific redemption and settlement arrangements to be notified separately.The platform plans to officially cease trading platform operations on January 31, 2027, at 15:59 (UTC). After the shutdown, users will still be able to log into their accounts, view their history, and submit withdrawal requests within a specified period. BitMart advises users to complete identity verification and close all positions before August 26 at 01:00, and to submit withdrawal requests before 05:00 on the same day.Withdrawal services are still available, but some requests may be subject to manual review due to KYC, device and account security, source of funds, withdrawal address, Travel Rule, sanctions screening, and other requirements. BitMart reminds users to download and save their account balances, deposit and withdrawal records, and transaction history in advance, while also being vigilant against scams impersonating platform personnel who charge "expedited fees," "unfreezing fees," or request passwords, verification codes, private keys, and mnemonic phrases.

According to crypto KOL Crypto Fearless, the BitMart platform token BMX plummeted over 60% yesterday. Subsequently, some users in the community reported that the withdrawal review time has significantly increased compared to usual, and other users stated that hundreds of U withdrawals initiated in the morning have not yet arrived.Currently, BitMart has not issued a public statement regarding the withdrawal delays. Considering that withdrawal anomalies are often a precursor to platform risks, Crypto Fearless advises users still holding assets on BitMart to withdraw their funds as soon as possible.

According to the ranking data from RootData on stock derivatives exchanges, as of the time of writing, the top five exchanges with the largest spreads among the Top 15 are BitMart (3.39%), MEXC (0.465%), BingX (0.422%), Phemex (0.426%), and XT.COM (0.144%).It is reported that this spread is weighted by the 24-hour trading volume, and a higher value typically indicates higher trading costs.

According to Arkham data, at 03:05, 12,699,300 BMC (worth approximately $3.83 million) was transferred from Wintermute to BitMart.

Smart AI core token SAIT was launched on the global digital asset trading platform BitMart, opening the SAIT/USDT trading pair. This launch is a key milestone in the liquidity construction of the Smart AI ecosystem, marking the project's official entry into the mainstream trading market and providing global users with a safe and convenient trading channel.Smart AI is initiated by the Australian Institute of Artificial Intelligence Technology, focusing on the integration of AI and blockchain, and is committed to creating an efficient and transparent digital asset ecosystem. SAIT, as the native token of the ecosystem, will deeply empower platform governance, functional usage, and value circulation.The official announcement revealed that Smart AI platform products will be launched in April 2026, at which time core functions such as AI creation, content assetization, and on-chain trading will be opened, connecting the entire link from content production to asset circulation, bringing an integrated Web3+AI experience to users and ecosystem partners.

Alex, the technical representative of the Australian Smart Artificial Intelligence Research Institute, delivered a keynote speech at an online community meeting, focusing on the latest trends in the artificial intelligence sector. He elaborated on industry opportunities and the value of the era in 2026, combining phenomenal open-source AI agent products like OpenClaw and Dream Seedance 2.0.In the speech, Alex detailed the technical roadmap and implementation plans for smart AI in areas such as AI creation, content assetization, decentralized trading, and on-chain finance. He also officially announced that the SAIT token will be listed on the BitMart exchange on March 16, with the platform's full product line expected to launch in April. This speech signifies a key signal for smartAI's advancement in global layout and acceleration of ecological implementation, further closing the loop between AI technology and Web3 asset circulation.

ChainCatcher news, according to official sources, BitMart has officially launched a brand new decentralized trading platform ------ BitMart DEX, bringing users an on-chain trading experience that combines high security and high liquidity. The platform overcomes traditional DEX pain points such as insufficient liquidity, excessive slippage, and complex operations by aggregating top liquidity sources, supporting million-level asset trading, covering mainstream coins, emerging projects, and Memecoins, ensuring efficient and stable transactions. Users can participate in decentralized trading with one click without managing mnemonic phrases or private keys, truly achieving "minimal operation, ready to use upon registration."It is worth noting that BitMart DEX innovatively introduces the "Smart Money Module," which provides users with buy and sell signals and strategy references by screening and analyzing the real-time movements of large on-chain wallets, helping investors quickly identify potential opportunities and reduce information barriers. This not only enhances the accuracy of trading decisions but also further narrows the information gap between ordinary users and professional players. The launch of BitMart DEX marks a comprehensive upgrade of the decentralized trading experience and is expected to drive more users onto the chain, becoming an important milestone in the industry's development.

ChainCatcher news, the globally leading digital asset platform BitMart announced a partnership with the crypto travel infrastructure platform Entravel to launch BitMart Travel services, providing exclusive booking discounts for over 1 million hotels worldwide to its more than 12 million users, with discounts of up to 45%, supporting both cryptocurrency and traditional payment methods.By using the BitMart Card for payment, users can enjoy discounted prices while also receiving up to 10% additional cashback. This service aims to extend the value of crypto assets into everyday life scenarios, enhancing the user experience in the real world.

ChainCatcher news, according to Cointelegraph, cryptocurrency exchange BitMart has withdrawn its application for a virtual asset service provider (VASP) license in Hong Kong. According to records from the Hong Kong Securities and Futures Commission (SFC), BitMart withdrew its application on Thursday. Previously, several major exchanges such as Bybit, OKX, and Gate also withdrew their applications one after another by the end of May 2024.

ChainCatcher news, at the Bitcoin Asia Conference held in Hong Kong, BitMart CEO Nenter (Nathan) Chow shared his insights during a panel discussion titled: Global Crypto Competition: How to Respond to the Shift in U.S. Bitcoin Policy.He emphasized the need for a "bottom-up" approach to promote the broader adoption of Bitcoin, focusing on enhancing public understanding of its intrinsic value and core investment principles.Nenter (Nathan) Chow also announced that BitMart will explore and expand its global commitment to cryptocurrency education by establishing strategic partnerships with educational institutions and sponsoring important industry events. These initiatives aim to empower crypto investors with a higher level of financial literacy, as well as relevant cryptocurrency knowledge and skills, thereby promoting the sustainable development of the industry.

ChainCatcher news, the joint event between the Web3 asset data platform RootData and BitMart has ended. The first 200 participants who reached Lv2 and above will share 7680 BMX tokens airdrop. The reward distribution standards are as follows:1st-3rd place: 240 BMX each4th-10th place: 80 BMX each11th-50th place: 60 BMX each51st-100th place: 40 BMX each101st-200th place: 20 BMX eachParticipants can verify eligibility and fill in the BitMart CID. The complete ranking list can be viewed here.

ChainCatcher news, cryptocurrency exchange BitMart has launched an airdrop reward event in collaboration with RootData. The prize pool includes financial interest coupons worth approximately 6,000 USDT, spot discount coupons, and BMX tokens valued at over 2,000 USDT. Users can earn points by completing various tasks and redeem rewards with their points at the end of the event.In addition, as value users certified by RootData, the top 200 Lv2+ users in the RootData points ranking during the event will receive exclusive benefits, directly qualifying for BMX rewards, with higher rankings yielding greater rewards.The event runs from August 12 to August 24, with the airdrop snapshot time on August 24 at 12:00 PM UTC+8. For more detailed tasks and redemption rules, please check the event page. In the future, RootData will continue to expand its partner ecosystem, improve the points task system, and provide more rewards to point holders who make substantial contributions, further solidifying the community's role in the data construction system and enhancing the credibility and accuracy of the data.

ChainCatcher news, official news, digital asset trading platform BitMart released its report for the first half of 2025. The report shows that as of the end of June, BitMart's global registered users exceeded 12 million, a quarter-on-quarter increase of 20%; the average daily trading volume of spot transactions increased by over 120% compared to the first half of the year, and the average daily trading volume of contracts grew by 52%, with market share continuing to rise.In the first half of 2025, BitMart fully launched its third-generation trading system and introduced 538 high-quality assets through an efficient and professional asset screening mechanism and industry insights. At the same time, BitMart continued to strengthen its multi-line product layout, innovating around contracts, wealth management, fiat currency, Web3 wallets, and AI, helping users expand more investment and value-added opportunities, further consolidating its leading position in the global cryptocurrency trading market.