Ethereum Withdrawals From BitMart Surge After Wind-Down Notice

Ethereum withdrawals from BitMart surged to a one-year high after the exchange announced it would wind down its trading platform. Withdrawals briefly froze, then reopened, prompting users to move ETH off the exchange ahead of the shutdown timeline. BitMart stopped registrations, deposits, and new orders on July 26, will end full trading on August 26, and keep withdrawals open until January 2027. The article frames the spike as a contained reaction to exchange-specific risk rather than a broader Ethereum selloff or systemic crypto market stress. ETH was trading near $1,881 and the article says broader market volume remained largely unaffected. The shutdown also adds to a wave of 2026 exchange closures, including BitMEX and Dango, highlighting liquidity pressure among weaker centralized platforms.