BitMEX plans to enter reduce-only mode at 04:00 UTC on August 26 and force-close remaining positions at 04:00 UTC on September 23 after a strategic review by HDR Global Trading Limited. Separately, BitMart is scheduled to end spot, futures and other trading services at 01:00 UTC on August 26, 2026, amid user reports of sharply reduced small withdrawals and a potential restructuring plan with White & Case. The records concern separate exchanges and separate wind-down processes.