BitMEX announced on July 23, 2026 that it will close entirely by September 23, 2026. Three days later, on July 26, 2026, BitMart announced its own wind-down, with trading set to stop by August 26, 2026. Two exchanges that have operated for a combined two decades are both closing within the same week of news, and each is giving users a matter of weeks, not months, to act.
If you have ever traded on either platform, getting your funds out is the urgent part. But there is a second task that matters just as much and is far easier to put off: exporting your full trade history while you still have full account access. Once an exchange winds down, reconstructing years of trades, funding payments, and withdrawals gets much harder, and the tax obligation on whatever you made or lost there doesn't disappear just because the exchange did.
Key Takeaways
- BitMEX closes fully on September 23, 2026, 04:00 UTC: positions become reduce-only starting August 26, and any position still open at closure is force-closed automatically.
- BitMart stops all trading on August 26, 2026, 01:00 UTC: the exchange recommends submitting withdrawal requests by 05:00 UTC the same day, well before its final cessation date of January 31, 2027.
- Export your trade, funding, and withdrawal history now: BitMart caps each export at three months of data, and a full multi-year history requires a manual request that can take up to five working days.
- Your tax obligation on gains and losses doesn't end when the exchange does: your own exported records are what you'll need to file accurately once the platform is gone.
Two Exchanges, One Deadline: What's Happening
BitMEX, one of the industry's oldest crypto derivatives exchanges, said in an official blog post that its board decided to close the exchange "following a strategic review of the business and the broader crypto industry." The post doesn't cite financial distress or a regulatory action as the reason. According to separate press reporting, BitMEX has also faced roughly $200 million in prior regulatory fines and settlements and went through an unsuccessful process to find a buyer before the closure decision, context that sits apart from the reason BitMEX gave for shutting down.
BitMart's announcement followed on July 26 through a notice on its help center, citing "a careful evaluation of the Company's operating conditions, market environment, and future strategic direction" behind its decision to begin an orderly wind-down. Neither company named a single triggering event. According to industry reporting, BitMart's token, BMX, fell roughly 58% within 24 hours of the news, though that market reaction has no bearing on the withdrawal and export steps below.
Both closures follow the same basic pattern: a short trading window, a hard stop for new activity, and a longer tail during which the exchange stays reachable only for withdrawals. The two timelines differ enough in their specific cutoffs to catch people out, so treat them separately rather than as one generic "exchange shutdown."
BitMEX Shutdown Timeline: Key Dates You Need
BitMEX's closure announcement lays out three stages, each with its own effect on what you can still do with an open account.
| Date (UTC) | What Happens |
|---|---|
| July 23, 2026 | New account registrations halted immediately |
| August 26, 2026, 04:00 UTC | Risk-limit restriction begins: you can only reduce or close existing positions, not open or increase new ones |
| September 23, 2026, 04:00 UTC | Full closure; any position still open at this point is force-closed |
Users who complete identity verification but don't withdraw their balance face a fee after closure equal to the greater of $50 or 1% annually on the remaining balance, charged monthly, according to BitMEX's own notice. Staked BMEX tokens are automatically unstaked and become available to withdraw ahead of the deadline.
BitMEX says users keep login access to view balances and past transactions even after September 23, and can still withdraw remaining funds after that date. The exchange isn't erasing your data the moment it closes. Exporting your full trade history while the platform is still fully live remains the safer move, though, since post-closure access is limited to balances and withdrawals rather than the full range of account and reporting tools available today.
BitMart Shutdown Timeline: Key Dates You Need
BitMart's timeline runs on a tighter clock than BitMEX's, and one detail in it is easy to miss on a first read.
| Date (UTC) | What Happens |
|---|---|
| July 26, 2026, 01:30 UTC | New registrations, deposits, and new trading orders suspended |
| August 26, 2026, 01:00 UTC | All trading services (spot, futures, and other contracts) discontinued |
| August 26, 2026, 05:00 UTC | Recommended deadline to have withdrawal requests submitted |
| January 31, 2027, 15:59 UTC | Final cessation of operations |
The gap between the two August 26 entries matters. BitMart's own notice recommends having withdrawal requests in by 05:00 UTC, just four hours after trading itself stops at 01:00 UTC. That's a narrower window than the trading cutoff alone suggests, and it's easy to miss if you only note the headline "August 26" date without reading past it.
BitMart has also warned that withdrawal requests may face additional scrutiny as the deadline approaches, including identity and KYC document checks, login-device and IP checks, withdrawal-address screening, source-of-funds questions, and sanctions checks. Processing could slow further as request volume spikes near the cutoff. The exchange's own advice is not to wait until the final few days.
What to Export Before You Lose Access
For both exchanges, the same core records matter: trade and order history, funding or funds-flow history, and deposit and withdrawal records. Together, those cover every taxable event you'll need to account for later, and they're the records that get hardest to pull once an account moves from active to wind-down status.
BitMart's export tool sits under the "History Orders," "Trade History," and "Funds Flow" tabs, where you can choose a time range of 24 hours, 7 days, 30 days, or a custom window. Each export is capped at three months of data, so anyone who has traded there longer needs several separate exports to cover their full history.
Multi-year or full-history exports work differently and take longer. BitMart requires emailing support@bitmart.com with a photo of yourself holding your KYC identification alongside handwritten text stating the date range you need, and says the resulting CSV file is returned within up to five working days. That's a manual, slow process by design, and it's exactly why exporting now, rather than during the final week before a deadline, is the safer call.
Get your BitMEX and BitMart history into one place
CoinTracking imports your BitMEX and BitMart trade history via CSV export and keeps a permanent record of every trade, funding payment, and withdrawal, independent of what happens to either exchange.
Why This Matters for Your Taxes, Not Just Your Funds
Getting your funds out is the urgent task. But every trade you made on BitMEX or BitMart was a potential taxable event, and that obligation doesn't disappear when the exchange does. Neither company's official notice says anything about tax-form issuance, and that's not a gap worth guessing at. What holds regardless of jurisdiction is simpler: you're responsible for your own records, whatever the exchange does or doesn't provide, and once it winds down you lose your easiest path to reconstructing them.
That's true whether you file in the United States, the EU, or anywhere else. The specific tax rules for crypto gains and losses vary by country, but the underlying need doesn't: accurate cost basis and a complete trade history. Our existing guide on BitMEX tax reporting covers how to turn a BitMEX export into a usable tax report, and the same approach applies once you have a BitMart export in hand.
How CoinTracking Helps You Keep Your Records
CoinTracking imports transaction history from BitMEX and BitMart, along with more than 400 exchanges and wallets, and reconciles it into one portfolio with cost basis and gain or loss calculated automatically. That matters most in exactly this situation: once an exchange closes, your own imported and preserved records become the version of your trade history you can actually rely on.
If you haven't exported yet, the practical order of operations is the same for both exchanges. Close open positions, submit withdrawal requests, export your trade and funding history, then import that export into CoinTracking so it's preserved and ready whenever you need a tax report. CoinTracking has tracked crypto portfolios and calculated tax reports for 2.2 million users since 2012, so the BitMEX and BitMart data you import today sits alongside years of other trade history in one place, not stranded across two disappearing accounts.
Watch Out for Shutdown Scams
BitMEX has explicitly warned that there is no such thing as a "priority" or "expedited" withdrawal service, and told users to distrust anyone offering one. Shutdown announcements like these tend to draw scammers who impersonate support staff or offer to "help" move funds faster, so it pays to watch out for scams especially as a deadline gets closer and people get anxious about missing it.
The safest path is the boring one. Use each exchange's own withdrawal and export tools directly, verify any communication against the official BitMEX or BitMart channels linked in this article, and never share your login credentials, seed phrase, or KYC documents with anyone claiming to speed up the process.
Conclusion
BitMEX and BitMart are both closing within weeks of each other, and their specific cutoffs differ enough that treating this as one generic shutdown story would cost you time you don't have. Withdraw your funds and export your full trade, funding, and withdrawal history before each exchange's deadline, not after. The money is the urgent part. The trade history is what you'll still need long after either exchange is gone, because your tax obligation on what you made or lost there doesn't close down along with the platform.
Keep your trade history safe, whatever happens to the exchange
Import your BitMEX and BitMart transaction history into CoinTracking now, so your records are preserved and ready for tax reporting long after either platform shuts down.
Disclaimer
The information provided in this article is intended for general informational purposes only and should not be construed as financial, tax, or legal advice. The deadlines, dates, and procedures described here reflect official BitMEX and BitMart communications as of July 27, 2026, and may change without notice. Readers are encouraged to verify current details directly with each exchange and consult a qualified tax professional about their specific situation before making decisions based on the information presented here. The author and publisher are not responsible for any losses or damages incurred as a result of using the information in this article.
