BitMart, the centralized crypto exchange that stunned users with a full shutdown announcement on July 26, is reportedly exploring whether to walk back that decision and pursue a phased restart of services instead.
The potential reversal comes barely a month after the exchange halted new registrations and deposits, set a hard deadline to kill all trading by August 26, and told users to start pulling their funds.
The original shutdown plan
BitMart’s wind-down announcement arrived on July 26, citing a “strategic evaluation of operating conditions and the market environment.” New signups and deposits stopped immediately.
All trading services, both spot and futures, were scheduled to cease at 01:00 UTC on August 26. The platform planned to settle all remaining positions on behalf of users.
