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

GateNews
Exchange Risk

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.

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