BitMart is a global cryptocurrency exchange that allows individuals and institutions to buy, sell, and trade over 800 cryptocurrencies. 

In addition to advanced cryptocurrency spot and futures trading dashboards, BitMart offers a simple buy/sell crypto feature for beginners and a range of crypto-earning opportunities. Beginner and experienced traders alike may find what they’re looking for on this platform. However, it was the subject of a major hack in 2021. 

Company Overview

BitMart was founded in 2017 to provide digital asset trading and investment services to a global customer base. Incorporated in the Cayman Islands, BitMart eventually became a leading crypto liquidity provider, most notably in small and mid-cap cryptocurrencies that are often not supported by large exchanges. 

In 2018, BitMart launched the BitMart Token (BMX), which provides token holders with trading discounts and other benefits on the exchange. The exchange also added numerous new features over the years, including staking, lending, savings products, and derivatives trading. 

In December 2021, BitMart suffered a security breach that led to the loss of $196 million worth of cryptocurrency when private keys were compromised for two of the trading platform’s hot wallets. Following the incident, the company’s CEO, Sheldon Xia, announced on Twitter following that all affected users would be reimbursed by BitMart.3 

Today, the global crypto exchange serves over 9 million users in over 180 countries.4 Since the hack, however, volumes on the exchange have dropped substantially as trust in the platform has been eroded. 

Cryptocurrencies Available on BitMart

Bitmart supports trading for over 800 digital currencies and tokens. Some of the most popular cryptocurrencies you can buy and sell on the exchange.