Satori Finance Shuts Down All Services on July 16 Amid Market Downturn

According to ChainCatcher citing official announcement, Satori Finance, a decentralized perpetual futures exchange backed by Coinbase Ventures and Jump Capital, announced it will shut down all services on July 16, 2026, at 7:59 PM ET due to prolonged market downturn impacting revenue sustainability.

The platform urged users to close all positions and withdraw assets before the deadline, warning that funds may become inaccessible afterward. Satori raised $10 million in 2022 and processed approximately $99 billion in cumulative trading volume.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments