BitMart Shuts Down Trading for Several Crypto Pairs | Users Urged to Act Fast
Edited By
David Kim
BitMart has announced the imminent delisting of multiple digital assets, including BIBI, PENGUIN, and $ELON. With a deadline set for February 13, 2026, the move has stirred mixed reactions from the community.
What You Need to Know
BitMart will pull the plug on trading for several pairs at 12:00 PM (UTC) on February 13, 2026. A suspension of deposit features follows at 3:00 PM (UTC) on the same day. All users are advised to cancel any existing orders for the affected assets to avoid the system canceling them automatically.
BIBI_USDT
1_USDT
PENGUIN_USDT
$ELON_USDT
MOLT_USDT
67_USDT
"This decision stemmed from our ongoing observation and adherence to the rules governing suspensions and delistings," the BitMart team stated.
Community Reactions
Feedback on local forums has been quite mixed:
Some users expressed surprise and concern, noting that the quick turnaround could risk asset loss.
Others have commented, "Noted 🤠", indicating discord but also swift acknowledgment.
Despite seemingly neutral comments, the urgency to act on withdrawals has been a consistent theme. Users holding these tokens need to move promptly, as withdrawals for the delisted assets close on April 13, 2026.
"Not withdrawing related tokens timely may result in asset loss."
Key Points to Remember
🚫 Assets to Watch: BIBI, 1, PENGUIN, $ELON, MOLT, 67
⏰ Deadline for withdrawal: April 13, 2026
💡 Immediate action necessary to prevent potential loss of funds
Curiously, this wave of delistings comes at a time when many in the crypto community grapple with broader market uncertainties. Will this affect trader confidence moving forward? Only time will tell.
While this may not have been anticipated, it underscores the importance of vigilance within the crypto market. Users are encouraged to stay tuned for further updates from BitMart as this story develops.
What's Next for BitMart and the Crypto Landscape?
As BitMart moves forward with these delistings, there's a strong chance that other exchanges may follow suit in response to market dynamics. Industry experts estimate around a 50% probability that similar actions will emerge from other platforms by mid-2026, especially as regulatory scrutiny tightens. This will likely prompt a wave of asset evaluations by holders seeking to mitigate loss. Users must stay alert, as the shifting landscape could mean further changes to the availability of various tokens. The risk of loss will loom larger for those too slow to adapt, as trading responds to booted assets and draws new lines in the crypto community.
Echoes of the Past: Lessons from Stock Market Moves
In the late 1990s, the sudden rise and fall of internet-based companies painted a vivid picture similar to today's crypto scenario. When the tech bubble burst, many fledgling firms saw their stocks drop overnight, mirroring the uncertainty around BitMart's recent actions. Just as investors scrambled to reposition their portfolios back then, today's crypto holders might find themselves reevaluating long-term strategies. Drawing insights from that era, it becomes clear that prompt responses to market cues are crucial, underscoring the principle that even in digital currencies, rapid shifts can lead to significant financial turbulence.