BlockBeats News, December 8th, it is reported that the digital asset exchange platform BYEX has started to fully scale down its operations and has initiated preparations for a complete system shutdown. According to industry sources, BYEX’s closure is due to a series of force majeure factors and a long-term strategic realignment of the platform.
Currently, BYEX has issued internal and external notices, prompting users to complete the transfer of their platform account assets by 23:59 on December 31, 2025 (UTC+8).
Several market analysts have indicated that BYEX’s closure reflects the systemic challenges faced by mid-sized exchanges, such as regulatory uncertainty, liquidity fragmentation, and intensified competition among exchanges, which may have influenced BYEX’s strategic decisions.
