StandX, founded by ex-Binance Futures head, announces shutdown – Details

StandX, a decentralized perpetual futures exchange (Perp DEX) founded by former Binance Futures head Aaron Gong and other industry veterans, has announced that it will gradually shut down operations and abandon plans to launch its native platform token. The decision follows a strategic review of its business and market conditions. Since launching its mainnet in November 2025, StandX has served more than 237,000 users and recorded a peak total value locked (TVL) of over $200 million. In fact, the platform has experienced zero fund security incidents throughout its operating history. Still, the firm's decision to shutdown has raised questions across the crypto community. All about the StandX shutdown The shutdown means users will gradually lose access to the platform’s trading and yield-generating services.

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