Satori Finance, a decentralized exchange specializing in perpetual futures, has officially announced its closure, citing ongoing adverse market conditions and a lack of revenue as primary factors. The platform, which had previously raised $10 million in funding from notable investors like Coinbase Ventures and Jump Capital in 2022, has struggled to maintain operations.
Throughout its operation, Satori Finance facilitated trading across several networks, including Ethereum, BNB Chain, Base, and Arbitrum. In light of its impending shutdown, users are being urged to close any open positions and withdraw their assets promptly. The exchange reported serving over 3 million users, with a cumulative trading volume approaching $99 billion.
