BYEX exchange platform has initiated the business contraction and system decommissioning preparation process, and will soon cease operations.

2025-12-08 09:11:18

Abstract generation in progress

ME News, December 8 (UTC+8) — On December 8, it was reported that the digital asset trading platform BYEX has begun a comprehensive business contraction and has initiated preparations for a complete system-wide offline transition. According to industry insiders, BYEX’s shutdown is due to a series of force majeure factors, as well as a long-term strategic adjustment of the platform’s business direction. BYEX has already issued internal and external notices, advising users to complete the transfer of their platform account assets by December 31, 2025, 23:59 (UTC+8). Multiple market analysts have stated that BYEX’s shutdown reflects the widespread regulatory uncertainty, fragmented liquidity, and intensified competition among medium-sized trading platforms. These systemic challenges may have influenced BYEX’s strategic decisions. (Source: ME)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.