The decentralized perpetual futures exchange Satori Finance has announced its closure due to prolonged unfavorable market conditions and insufficient revenue. In 2022, the project raised $10 million from investors, including Coinbase Ventures and Jump Capital.
Satori Finance supported trading on Ethereum, BNB Chain, Base, Arbitrum, and other networks. Users were advised to close open positions and withdraw assets before the platform ceases operations. According to its own data, the exchange served over 3 million users, with a total trading volume nearing $99 billion.