BitMart Shutting Down: What Cryptohopper Users Must Do

BitMart is shutting down. If you run a bot on BitMart, the clock is now running: the exchange announced on July 26, 2026 that it's winding down entirely, with final shutdown set for 15:59 UTC on January 31, 2027. If you have funds, API keys, or active bots connected to BitMart, you need a migration plan now. Not in December.

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BitMart's closure marks the end of a nine-year run for an exchange that once ranked among the more recognizable mid-tier platforms in crypto. The company cited "operating conditions, market environment, and future strategic direction" in its official notice. It didn't name a single deciding factor. Whatever the internal reasoning, the practical outcome for traders is the same. Every account, API connection, and open position on BitMart needs to be dealt with before the exchange goes dark.

What BitMart actually announced about shutting down

BitMart's wind-down notice laid out a specific timeline, and the dates matter more than the headline.

The exchange is asking users to complete identity verification, close all open trading positions, and submit withdrawal requests before 01:00 UTC on August 26, 2026. Withdrawal requests themselves need to be submitted before 05:00 UTC the same day, according to BitMart's own support notice. After that window, the platform moves toward its final cessation of trading operations on January 31, 2027. BitMart says withdrawal services will stay available for some period after that, so users can still log in to review historical records and submit withdrawal requests under rules in effect at the time. But relying on a post-shutdown withdrawal window on a platform that's actively dismantling itself isn't a plan. It's a last resort.

The exchange closing is not the deadline that matters most. The deadline that matters is the one before it, when verification, position closure, and withdrawals are still running normally.

Why this is urgent if you're running a bot

A trading bot connected to an exchange via API doesn't know the exchange is closing. It will keep placing orders, checking balances, and executing your strategy exactly as configured. Right up until BitMart's systems stop responding.

That creates two concrete risks. First, orders can fail silently or partially as BitMart scales down infrastructure during the wind-down. That leaves a bot with an inaccurate picture of your actual position. Second, API keys left active on a platform mid-shutdown are a lingering security exposure for no benefit. Neither risk is hypothetical. Exchange wind-downs tend to produce exactly this kind of operational friction in their final months, as liquidity thins and support queues back up. No bot can manage a shutdown for you. That's on you.

The migration checklist

Treat this like any planned exchange exit. The order matters.

• Pause or stop any active bot on BitMart first. Don't let automation keep trading on an exchange that's winding down. Stop the config before you touch funds or keys.
• Close open positions manually. Don't assume your bot will unwind everything cleanly as BitMart's systems get phased out.
• Withdraw your funds. Move crypto and any fiat balances to a wallet you control or directly to your new exchange account. Do this well before the August 26, 2026 withdrawal-request deadline BitMart has set.
• Delete the API key on BitMart's side. Revoke it from BitMart's account settings, not just from Cryptohopper. A key that still exists on the exchange is a key that can still be used by anyone who gets hold of it.
• Remove the connection from Cryptohopper. Disconnect the BitMart exchange link in your Cryptohopper account once funds are clear and the key is deleted.
• Set up a new exchange connection. Create an API key on your new exchange with trading permissions only, no withdrawal permissions, and connect it fresh.

Where to move your bot after BitMart shutting down

Cryptohopper supports a wide range of exchanges, so moving a BitMart bot elsewhere doesn't mean rebuilding your strategy from scratch. Among the supported exchanges are Binance, Bybit, Kraken, KuCoin, OKX, and Bitvavo, each with different fee structures, available pairs, and regional access rules.

The right choice depends on what your strategy actually needs. If your bot trades a wide range of altcoin pairs, check that your target exchange lists the same markets. Not every supported exchange carries every pair BitMart did. If you're in a region with specific regulatory restrictions, that will narrow the list further. You can review the full, current list of Cryptohopper supported exchanges before deciding, since availability and features vary by exchange and can change.

Once you've picked a new exchange, rebuild the connection in Cryptohopper with a fresh API key. Then re-apply or re-test your strategy template before letting it trade live. A quick backtest or short paper-trading run on the new exchange is worth the hour it takes. Fee structures and order execution can differ enough between exchanges to change how a strategy performs, even if the underlying logic is unchanged. Automation still needs a human checking the setup. That doesn't change just because the exchange does.

What this means beyond BitMart

Exchange closures aren't rare. Mid-tier platforms have shut down or restructured multiple times over the past several years, usually with far less warning than BitMart has given here. If you only trade on one exchange, you're exposed to this exact scenario every time.

Spreading bots across more than one supported exchange, or at minimum keeping withdrawal habits tight and API permissions minimal, reduces how disruptive any single exchange's exit can be. That's not a prediction about BitMart or any other platform. It's a plain reflection of how often this has already happened in crypto.

The deadline on BitMart is fixed. What you do before it isn't.

FAQ

When is BitMart shutting down?

BitMart plans to cease trading platform operations at 15:59 UTC on January 31, 2027. The exchange has also set an earlier deadline of August 26, 2026 for completing identity verification, closing positions, and submitting withdrawal requests.

What should I do with my Cryptohopper bot connected to BitMart?

Stop or pause the bot first, then close open positions, withdraw your funds, delete the API key on BitMart's side, and remove the connection from your Cryptohopper account. After that, set up a new API key on a supported exchange and reconnect your strategy.

Which exchanges can I move my trading bot to instead of BitMart?

Cryptohopper supports a range of exchanges including Binance, Bybit, Kraken, KuCoin, OKX, and Bitvavo. Check which pairs and features each exchange offers in your region before migrating, since availability varies.

This article is for educational purposes only and is not financial or investment advice. Cryptocurrency trading involves substantial risk, including the possible loss of your capital. Do your own research and never trade more than you can afford to lose.