# Migrating off DMM Bitcoin (2026) - Verdict

**Status: Dead · Dec 3, 2024.** DMM Bitcoin has shut down.

DMM Bitcoin was a Japanese cryptocurrency exchange in the DMM.com group, launched in 2018, offering spot and margin crypto trading to retail customers in Japan.

SOURCE: Decrypt - https://decrypt.co/294452/japanese-crypto-exchange-shut-down-300m-hack-transfer-accounts-sbi

Category: Crypto Exchanges

## What this means

The service is no longer operating. After a hack that drained more than $300M in Bitcoin in May 2024, DMM Bitcoin announced in December 2024 that it would cease operations and transfer customer accounts and custodial assets to SBI VC Trade by March 2025. If you held assets there, follow SBI VC Trade's migration process; for new trading, use one of the live exchanges below.

## Where to go (live alternatives)

- **Coinbase** - Large regulated exchange with a simple on-ramp for retail users. → https://verdict.tools/go/coinbase (rel="sponsored nofollow")
- **Kraken** - Long-running exchange with a strong security reputation. → https://verdict.tools/go/kraken (rel="sponsored nofollow")
- **Binance** - Largest exchange by volume with a broad asset selection. → https://verdict.tools/go/binance (rel="sponsored nofollow")
- **OKX** - Major global exchange with spot and derivatives. → https://verdict.tools/go/okx (rel="sponsored nofollow")

## FAQ

### Is DMM Bitcoin really shutting down?
DMM Bitcoin has shut down as of Dec 3, 2024. SOURCE: Decrypt - https://decrypt.co/294452/japanese-crypto-exchange-shut-down-300m-hack-transfer-accounts-sbi

### What should I do with my data?
After a hack that drained more than $300M in Bitcoin in May 2024, DMM Bitcoin announced in December 2024 that it would cease operations and transfer customer accounts and custodial assets to SBI VC Trade by March 2025. If you held assets there, follow SBI VC Trade's migration process; for new trading, use one of the live exchanges below.

### What is the best alternative to DMM Bitcoin?
Consider Coinbase, Kraken, Binance - all live.

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Canonical: https://verdict.tools/migrate/dmm-bitcoin