Share this article
Polish Crypto Exchange Bitmarket Suddenly Shuts Down
Polish cryptocurrency exchange Bitmarket has just shut down without warning, citing "loss of liquidity."
Updated Sep 13, 2021, 9:24 a.m. Published Jul 9, 2019, 8:52 a.m.
Polish cryptocurrency exchange Bitmarket has just shut down without warning.
According to a brief message posted late on July 8 on its website, Bitmarket – said to have been Poland's second-largest crypto exchange – stated:
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"We regret to inform you that due to the loss of liquidity, [from] 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps."
While it's not clear exactly what caused the "loss of liquidity," a Reddit post suggested that the exchange had been exhibiting odd behavior in the weeks prior to the closure.
A Redditor with the username OdoBanks wrote that "red flags" included users being forced to change their passwords without explanation and withdrawals halted over unusual additional know-your-customer procedures.
The firm had also not responded to claims it had been hacked, said the post.
CoinDesk has reached out to the firm to confirm details of the closure and the situation regarding users' funds. We will update this article if a reply is received.
At press time, Bitmarket's Twitter account had no statement on the closure, and its trading data on CoinMarketCap had not been updated for 10 hours.
Hat tip to Bithub.pl
Closed sign image via Shutterstock
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Altcoins outpace bitcoin as precious metals' historic rally keeps macro focus sharp
Altcoins posted broader gains in quiet Sunday trading as bitcoin held a tight range near $88K and analysts weighed crypto against the surge in precious metals.
What to know:
- XRP, dogecoin and solana outperformed bitcoin and ether over the past 24 hours in thin weekend trading.
- Analysts said bitcoin remains range-bound between roughly $86,500 and $90,000.
- Glassnode flagged spot price sitting near one on-chain mean while remaining well below short-term holders’ cost basis.
Top Stories
