The decentralized perpetual contract exchange Satori Finance announced it will shut down on July 16.
According to an official announcement, the decentralized perpetual contract exchange Satori Finance, backed by a certain exchange's Ventures and Jump Capital, announced it will gradually shut down the platform due to long-term market downturns that have made it impossible to maintain operations.
All services of Satori will officially terminate at 19:59 ET on July 16, 2026. The official notice reminds users to close positions and withdraw all assets as soon as possible before this time, as overdue access to funds may not be possible. It is reported that the platform completed a $10 million funding round in 2022 and has a historical cumulative trading volume of nearly $99 billion.
Recently, impacted by the significant correction in the crypto market, several industry startups (such as Botanix, Syndicate Labs, etc.) have already announced their shutdowns.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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