BlockBeats News, December 8—According to reports, the digital asset trading platform BYEX Exchange has begun a comprehensive business contraction and has started preparations for transitioning to a full system shutdown. Industry insiders revealed that BYEX’s suspension of operations is due to a series of force majeure factors, as well as long-term strategic adjustments to the platform’s business direction. BYEX has already issued both internal and external notices, advising users to complete the transfer of their platform account assets before 23:59 (UTC+8) on December 31, 2025. Several market analysts stated that BYEX’s shutdown reflects the widespread regulatory uncertainty faced by mid-sized trading platforms, liquidity fragmentation, and increased competition among exchanges. These systemic challenges may have influenced BYEX’s strategic decisions.
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BYEX exchange platform has initiated the business contraction and system decommissioning preparation process, and will soon cease operations.
BlockBeats News, December 8—According to reports, the digital asset trading platform BYEX Exchange has begun a comprehensive business contraction and has started preparations for transitioning to a full system shutdown. Industry insiders revealed that BYEX’s suspension of operations is due to a series of force majeure factors, as well as long-term strategic adjustments to the platform’s business direction. BYEX has already issued both internal and external notices, advising users to complete the transfer of their platform account assets before 23:59 (UTC+8) on December 31, 2025. Several market analysts stated that BYEX’s shutdown reflects the widespread regulatory uncertainty faced by mid-sized trading platforms, liquidity fragmentation, and increased competition among exchanges. These systemic challenges may have influenced BYEX’s strategic decisions.