SatoriFinance, a decentralized perpetual contract exchange, announced that it will shut down on July 16

According to an official announcement, SatoriFinance, a decentralized perpetual contract exchange supported by Coinbase Ventures and JumpCapital, announced that due to the long-term market downturn, revenue could not maintain operations and decided to gradually shut down the platform. Satori's services will officially end at 19:59 on July 16, 2026. Officials remind users to close their positions and withdraw all assets as soon as possible before then, and they may not be able to access funds after the deadline. It is reported that the platform completed US$10 million in financing in 2022, with a historical cumulative transaction volume of nearly US$99 billion.<br /> Recently, affected by the sharp correction in the crypto market, many industry startups (such as Botanix, SyndicateLabs, etc.) have announced the closure.