# BitMart

> BitMart is a global cryptocurrency exchange founded by Sheldon Xia in 2017, known for access to emerging tokens alongside spot, futures, margin and earn products. It reported more than 12 million registered users in June 2025. In July 2026 it announced a platform wind-down; subsequent notices describe a potential restructuring and user recovery process.

- **Founded:** 2017
- **Headquarters:** Grand Cayman, Cayman Islands (historically reported; current operating headquarters unconfirmed)
- **Founders:** Sheldon Xia (Founder; appointed Group President in April 2025)
- **Products:** Spot trading, Futures and margin, Earn, staking and lending, Launchpad, BMX
- **Notable:** Reported more than 12 million registered users by June 2025., Reported more than 1,700 trading pairs in July 2025., Closed a Series B in November 2021 at a valuation exceeding US$300 million.

## Products & services

- **Spot trading** — Centralized cryptocurrency order books, including emerging tokens; July 2026 notice scheduled trading cessation for August 26, 2026.
- **Futures and margin** — Leveraged derivatives and borrowing-based trading; included in the announced cessation process.
- **Earn, staking and lending** — Yield and lending products scheduled for phased discontinuation under the wind-down notice.
- **Launchpad** — Token launch participation product included in phased discontinuation arrangements.
- **BMX** — Native exchange token used for fee deductions; the published fee page describes a 25% discount.
- **Trading APIs and SDKs** — REST and WebSocket interfaces with public SDKs for automated trading and market data.
- **BitMart Card** — Crypto-linked spending product; official website includes Visa-branded card artwork. Availability must be read in the context of the 2026 wind-down.

## Achievements

- Reported more than 12 million registered users by June 2025.
- Reported more than 1,700 trading pairs in July 2025.
- Closed a Series B in November 2021 at a valuation exceeding US$300 million.
- Published open-source SDKs in Python, Go, Java and Node.js.

## Latest updates

- **2026-09** — Recovery proposal published September 30: distributions or recovery-linked tokens; court process proposed, not approved.
- **2026-09** — Appointed Alvarez & Marsal as financial adviser.
- **2026-08** — Appointed White & Case and explored restructuring as an alternative to full closure.
- **2026-08** — CIMA stated that BitMart and named associated entities had never been authorized by it for Cayman virtual-asset services.
- **2026-07** — Announced wind-down, scheduling trading cessation for August 26 and platform termination for January 31, 2027.

## Links

- Website: https://www.bitmart.com/
- LinkedIn: https://www.linkedin.com/company/bitmart
- Twitter/X: https://twitter.com/BitMartExchange
- GitHub: https://github.com/bitmartexchange
- YouTube: https://www.youtube.com/c/BitMartExchange
- Instagram: https://www.instagram.com/bitmart_exchange/
- Facebook: https://www.facebook.com/bitmartexchange
- TikTok: https://www.tiktok.com/@bitmart.exchange

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Profile page: https://yespress.io/bitmart
Published by YesPress — https://yespress.io
Last updated: 2026-10-25