BitMart orders U.S. users to withdraw crypto by Aug. 8

BitMart told U.S. users to cancel orders, close positions and withdraw eligible balances by Aug. 8 at 23:59 UTC. The exchange warned affected accounts may face further restrictions or identity checks after that deadline.

The notice applies to people who reside in or are located in the United States and to anyone treated as a U.S. user under BitMart’s account terms. Covered users were instructed to redeem or withdraw eligible product balances and remove remaining assets. The exchange said some tokens may need to be converted or withdrawn if they are incompatible with destination wallets or services.

After the Aug. 8 cutoff, BitMart may impose additional restrictions on affected accounts. Remaining assets would be handled in line with applicable law, the user agreement and the company’s compliance procedures. Withdrawal requests from U.S. users may require identity verification, source-of-funds information, proof of ownership of destination wallets or a security review. BitMart did not specify a maximum processing time, so requests submitted before the deadline could still face checks and delays afterward.

BitMart’s global wind-down follows a separate timetable. The company began gradual suspensions of new registrations, deposits, new positions, new spot orders and automated trading starting July 26 at 01:30 UTC. For the wider platform, the exchange plans to halt all spot, futures and other trading services at 01:00 UTC on Aug. 26. BitMart recommended that all users submit withdrawal requests before 05:00 UTC on Aug. 26 but described that time as guidance rather than a hard cutoff.

Futures positions left open when trading stops on Aug. 26 may be settled according to the applicable mark price, index price or specific settlement rules; BitMart said it will publish detailed arrangements later. Withdrawals not completed within the recommended window will enter a dedicated procedure that may require additional documentation and processing steps. The company warned that high withdrawal volumes, blockchain congestion and compliance or risk reviews could extend processing times.

Access to a separate BitMart U.S. platform is not automatic. Users who want to move to that service must register a new account and complete fresh identity checks. Eligibility will depend on the user’s jurisdiction and on whether the user’s assets, networks and intended services are supported; registration does not guarantee approval or access to particular products. BitMart plans to wind down platform operations on Jan. 31, 2027, and said users will retain login access for a period after that date to review records and submit withdrawals under the procedures in force.