Bitmart trading status and historical data

What Bitmart is

The $14,000 welcome bonus headline is easy to see. Before you decide to claim it, look at a more important number: $196 million. Attackers stole that amount from Bitmart's hot wallets on December 4-5, 2021, through a compromised private key. Security firm PeckShield first detected the breach.

PeckShield put the losses at about $100 million on Ethereum and $96 million on Binance Smart Chain. The funds went through the 1inch DEX aggregator. Then the attackers laundered them through Tornado Cash. Bitmart's own figure was $150 million. Independent blockchain analysis came closer to $196 million.

The gap between these two figures is itself a note on openness.

The breach sets the risk profile here. Any honest review of Bitmart starts with it. The FTC later opened an investigation into the exchange over customer fund losses. It was the agency's first crypto case. Bitmart paid back affected users from company funds. It also made cold storage stricter and added 2FA steps for withdrawals.

The fix was real. But a record that the exchange rebuilt after a $196 million breach is different from a record with no breach. Traders who use Bitmart today usually use it for targeted trades and withdraw promptly. They do not use it to hold large balances.

Bitmart was founded in 2017. The BitMart User Agreement names GBM Global Inc. as the contracting party. Its address is in Majuro, Marshall Islands. Cayman Islands law governs the agreement. The agreement names no licence. A FinCEN MSB search for "GBM Global" returned no entry. Bitmart has no FCA, CFTC, or MAS licenses.

Fees in detail

Bitmart's futures fee schedule starts at 0.02% maker and 0.06% taker on USDT-margined perpetual contracts. VIP tiers give discounts based on 30-day volume and BMX token holdings:

• VIP 0 (default): 0.02% maker, 0.06% taker
• VIP 1 ($500k monthly volume or 1,000 BMX held): 0.018% maker, 0.055% taker
• VIP 5 ($10M monthly volume): discounts start to come near mid-tier exchange rates
• Highest top tiers: maker fees near 0.004%, taker down to 0.04%

Take a $10,000 round-trip at market on the base tier. The taker cost is $12.00. That is $2 above Binance ($10.00) and $2 above OKX ($10.00). Over 100 such trades per month, the $2 gap adds up to $200 in extra cost.

Run your own case in the PerpFinder fee calculator. If you hold BMX tokens, you get a discount on all tiers. But you must then keep capital in a native exchange token. Most traders count that as a separate risk.

Security and proof of reserves

Bitmart publishes wallet addresses for major assets as part of its reserves disclosure. PerpFinder found no Proof of Reserves when it checked on 2026-09-26. In a statement dated May 23, 2026, BitMart said it will publish one "at an appropriate time".

Bitmart's standard of openness is lower than that of Bybit, which publishes a Proof of Reserves page.

After the 2021 hack, Bitmart rebuilt its multi-signature controls. It moved more assets to cold storage and added more 2FA steps on withdrawals. Bitmart has not disclosed a similar breach since. But Bitmart has no PoR that each user can check.

So outside auditors and users cannot confirm reserve ratios on their own. Treat this gap as a risk to weigh, not as an automatic reason to reject the exchange.

Leverage and pairs

Bitmart has over 200 perpetual futures pairs on USDT-margined linear contracts. Max leverage is 200x on BTC/USDT. The cap steps down for altcoin contracts with less depth. Each position can use cross margin or isolated margin.

Bitmart lists new altcoins fast. Tokens that Binance, Bybit, or OKX do not list yet often appear here first. That early access has value for traders who build positions before a project reaches larger venues.

The IEO launchpad uses the same logic for new token launches. Copy trading lets users follow signal providers. P2P trading lets users move fiat in and out in many currencies.

For altcoin discovery, Bitmart's pair count (200+) is similar to Gate.io and MEXC. But depth on smaller contracts will be thinner. See all pairs and live metrics on PerpFinder.

How it compares

In our daily tracking of the wider CEX market, Bitmart's perpetual volume is well below Binance, Bybit, and OKX. Spreads on major pairs like BTC/USDT are fine for retail position sizes.

Orders above $50k notional will get wider fills than on top-tier venues. Use the cost comparison tool to compare the fee gap at your real position sizes.

Within its own fee tier, Bitmart is mid-pack. The $12.00 base round-trip on $10k matches KuCoin and Bitget. It is $2 above Binance and OKX. That $2 extra per $10k is the price of altcoin pairs that Binance does not have.

The core trade-off is whether that access justifies the extra cost, given the security record. Check listed deals and referral bonuses at PerpFinder before you open an account.

Who Bitmart is for

Bitmart suits altcoin traders who want early access to new tokens and can accept the exchange's security history. The use case is narrow. Find a token that a top-tier exchange does not list yet.

Open a position on Bitmart. Then exit or move the funds to cold storage promptly. Bitmart is not a platform to store capital or to hold leveraged bets for a long time.

US users: the BitMart terms name no US licence. US residents should check local rules before they trade perpetual futures here. The User Agreement refers to a Prohibited & Conditional Use Policy but gives no country list.