This Crypto Exchange is Shuting Down With Multi-Step Withdrawal Plan
This crypto exchange has begun a controlled shutdown process that will unfold over the next three months, ending all operations by March 31, 2026.
The platform has urged users to take action early, outlining a phased plan designed to return or transfer customer assets before services are fully discontinued.
Key takeaways
- Bit.com will fully shut down operations by March 31, 2026
- New registrations are already suspended
- Spot trading ends on January 31, 2026
- Users must withdraw or migrate funds before the final deadline
- Remaining assets will be handled through a backup withdrawal system
A phased exit rather than a sudden shutdown
The exchange confirmed on December 27 that it is restructuring its business and will wind down operations in stages. To manage the process, Bit.com introduced a formal asset migration plan, promising transparent handling of customer funds and equal treatment across account types.
For now, existing users can still access their accounts, review balances, and initiate withdrawals or transfers. Standard withdrawals are expected to be processed within hours, though the company says customer support will prioritize cases that exceed one business day.
Bit.com has also partnered with Matrixport, giving users the option to migrate assets instead of withdrawing them directly.
Which services are being turned off — and when
Several functions have already been restricted. New user sign-ups are no longer allowed, and opening new derivatives positions has been disabled. Existing contract positions can only be closed, not expanded.
Spot trading will remain available until January 31, 2026, after which all trading activity will cease. Users can withdraw assets directly or convert them to USDT ahead of that deadline. Any small residual balances left afterward may be automatically converted to USDT, except for certain restricted assets that must be withdrawn manually.
Cloud mining services will end earlier, on January 25, 2026. All mining rewards will be settled at that point, and users with unused service periods will receive refunds for the remaining time. Financial products will continue accruing income until January 30, after which users will need to withdraw funds manually.
What happens if users don’t act in time
From February 1, any assets still on the platform will be transferred to a backup withdrawal system. At that stage, users will only be able to register, verify identity, and withdraw funds — no trading or additional services will be available.
Bit.com stressed that assets will not be seized, cleared, or repurposed during this backup phase. However, March 31, 2026, will be the final deadline to request withdrawals through customer support. After that date, the shutdown process is considered complete.
The exchange has also warned users to remain vigilant against scams. All official updates will be published only through Bit.com’s website and app, and the company said it will never ask for passwords, private keys, recovery phrases, or transfers to so-called “security accounts.”
For users still holding funds on the platform, the message is straightforward: withdraw or migrate assets well before the deadlines to avoid last-minute complications.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
