BitMart Withdrawal Processing Slows Dramatically After Closure Announcement

Crypto exchange BitMart has announced that it will cease operations by January 31, 2027. However, its withdrawal process is taking longer than expected, with only 63 withdrawals processed in the first 24 hours after the announcement.

The exchange recommends users submit their withdrawal requests before August 26, but warns of potentially extended processing times due to a high volume of requests.

Crypto researcher Quang noted that even small balances may be at risk, with users having less than $10 facing significant losses. This is because BitMart generally processes withdrawals based on the order of submission.