The decentralized perpetual futures exchange Satori Finance 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 shuts down. According to its own data, the exchange served more than 3 million users, and its cumulative trading volume approached $99 billion.
Source: ForkLog
