ProBit Global announces imminent closure, users have only 44 days left to withdraw

Cryptocurrency Exchange ProBit Global officially announced that all services will cease on February 26, 2026. This marks a significant industry shift following the closure of several other exchanges. According to the official notice, users need to complete asset withdrawals within a limited timeframe, or face the risks of delayed fees and permanent asset loss.

Key Timeline

Withdrawal Rules Explanation

Standard Withdrawal Phase (Until February 26)

Spot trading will cease on January 28, but withdrawal services will remain open. Users need to complete all withdrawals by 07:59 on February 26 (UTC+8). This is the safest withdrawal window, with no additional fees.

Risk During the Delayed Return Period (March 1 to April 1)

User accounts that do not withdraw during the standard period will be considered inactive and will be required to pay maintenance fees to cover infrastructure and custody costs. This means that even if users withdraw during the delay return period, fees will be charged, and assets may be reduced.

Permanent Asset Loss (After April 1)

Any assets not withdrawn before 07:59 on April 1 will be considered abandoned and permanently lost according to the terms of service. This is the most severe consequence, meaning assets cannot be recovered.

Background Analysis

ProBit Global attributes its closure to “rapid regulatory changes and strategic business restructuring.” This reflects the increasing regulatory pressure faced by the crypto industry. In recent years, many exchanges have been forced to shut down or exit certain markets due to regulatory issues. ProBit Global’s decision to close may continue this trend.

Immediate Actions Users Should Take

Given the urgency, users need to:

1. Log into their accounts immediately to confirm asset balances
2. Prepare withdrawal addresses (wallet addresses)
3. Withdraw in batches to avoid network congestion
4. Prioritize completing withdrawals before January 28 (spot trading still available)
5. Ensure their accounts are fully cleared by February 26

Summary

The closure of ProBit Global serves as a wake-up call for users. There are 43 days remaining until February 26, but considering network congestion and verification delays, the earlier the withdrawal, the safer. The fee mechanism during the delay return period and the rule of permanent asset loss after April 1 strongly urge users to act quickly. This is not only about the shutdown of an exchange but also highlights the survival pressures faced by the crypto industry amid changing regulatory environments. Users should take this as a warning and maintain heightened vigilance over exchange risk management.