Hi #cPenNetwork community,
⚠️ Important notice for community members who hold CPEN on BitMart or have saved a BitMart deposit address in the cPen app
On July 26, 2026, BitMart announced that it had begun an orderly wind-down of its trading-platform operations.
This is BitMart’s independent business decision and is unrelated to cPen. However, some community members currently hold CPEN on BitMart or registered a BitMart deposit address with us, so please read this announcement carefully.
Official BitMart notice:
https://bitmart.com/en-US/support/articles/7922665245339/39162120325403/53544595916059
Key dates
All times are UTC:
• July 26, 2026, 01:30: BitMart began gradually suspending cryptocurrency and fiat deposits, new-user registrations, and new trading orders.
• August 26, 2026, 01:00: All spot, futures, and other trading services will end.
• August 26, 2026, 05:00: BitMart’s recommended deadline for submitting withdrawal requests.
• January 31, 2027, 15:59: BitMart plans to cease its trading-platform operations.
January 31 is not currently stated as the final withdrawal deadline. BitMart says users will retain limited account access for a specified period afterward to review records and submit withdrawal requests under the procedures in effect at that time.
However, requests submitted after the recommended August 26 timeframe will enter a separate processing procedure and may require additional documentation.
Please do not wait until the last minute.
BitMart warns that withdrawals may be delayed by identity verification, account-security checks, source-of-funds reviews, sanctions screening, blockchain congestion, or high withdrawal volume.
Is CPEN affected?
The CPEN token itself is not affected.
The CPEN token contract, PancakeSwap liquidity pool, cPen app, and ongoing buyback program continue operating as before.
Nothing about CPEN itself changes because a centralized exchange is winding down. The change is that BitMart will eventually no longer be a place where CPEN can be traded or held.
Why is CPEN priced much lower on BitMart?
As BitMart’s deposit and trading restrictions take effect, its CPEN market is becoming increasingly isolated from the broader market.
Reduced liquidity, limits on incoming assets and new orders, and uncertainty surrounding withdrawals can cause prices on a closing platform to diverge significantly from prices elsewhere.
For an open, on-chain CPEN price reference, community members can check PancakeSwap on BNB Smart Chain.
If you hold CPEN on BitMart
You generally have two possible options, depending on which BitMart services remain available to your account.
Please understand both before acting. This information is provided for awareness and is not financial advice.
Option 1: Withdraw your CPEN to a self-custody wallet
This allows you to keep your CPEN instead of selling it at BitMart’s currently discounted price.
Before confirming a withdrawal:
• Confirm that CPEN withdrawals are currently available
• Select BNB Smart Chain/BEP-20 if BitMart shows that network
• Use a compatible self-custody wallet, such as MetaMask or Trust Wallet
• Make sure the sending and receiving networks match
• Carefully verify the complete destination address
• Review the withdrawal fee and minimum withdrawal amount
Withdrawal availability, fees, processing times, and compliance reviews are controlled entirely by BitMart.
Option 2: Sell on BitMart where new orders remain available
BitMart is gradually suspending new spot orders, so this option may not remain available for every market throughout the wind-down period.
Where trading is still available, you may choose to sell before all trading services end on August 26 at 01:00 UTC, and then withdraw the resulting asset.
Please be aware that you would be accepting the price available on BitMart. At the time of the post, that price was approximately 42% below the PancakeSwap price.
Whatever you decide, BitMart recommends submitting withdrawal requests before August 26 at 05:00 UTC.