We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
_cfuvidThis cookie is a part of the services provided by Cloudflare - Including load-balancing, deliverance of website content and serving DNS connection for website operators.
Maximum Storage Duration: SessionType: HTTP Cookie
__cf_bm [x7]This cookie is used to distinguish between humans and bots. This is beneficial for the website, in order to make valid reports on the use of their website.
CookieConsentStores the user's cookie consent state for the current domain
Maximum Storage Duration: 1 yearType: HTTP Cookie
Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
We do not use cookies of this type.
Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
We do not use cookies of this type.
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
We do not use cookies of this type.
Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.
List of domains your consent applies to: [#BULK_CONSENT_DOMAINS#]
Cookie declaration last updated on 8/12/26 by Cookiebot
[#IABV2_TITLE#]
[#IABV2_BODY_INTRO#]
[#IABV2_BODY_LEGITIMATE_INTEREST_INTRO#]
[#IABV2_BODY_PREFERENCE_INTRO#]
[#IABV2_BODY_PURPOSES_INTRO#]
[#IABV2_BODY_PURPOSES#]
[#IABV2_BODY_FEATURES_INTRO#]
[#IABV2_BODY_FEATURES#]
[#IABV2_BODY_PARTNERS_INTRO#]
[#IABV2_BODY_PARTNERS#]
About
Cookies are small text files that can be used by websites to make a user's experience more efficient.
The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission.
This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
You can at any time change or withdraw your consent from the Cookie Declaration on our website.
Learn more about who we are, how you can contact us and how we process personal data in our Privacy Policy.
Please state your consent ID and date when you contact us regarding your consent.
ABFinance shuts down before going live – Why crypto’s bear market matters
Exchange closures have become all too common in a bear market, with some exchanges shutting down even before launching. Following a series of recent shutdowns, ABFinance has now joined the list.
Exchange closures have become all too common in a bear market, with some exchanges shutting down even before launching. Following a series of recent shutdowns, ABFinance has now joined the list.
ABFinance announces suspension of operations
ABFinance, a U.S.-compliant cryptocurrency trading platform founded by former Bybit co-CEO Helen Liu, has announced the suspension of operations.
In March 2026, Helen Liu announced the creation of a new U.S.-based platform, ABFinance. Notably, the platform was built with compliant licensing from the first day.
However, nearly five months after its announcement, the core product still hasn’t launched publicly. Shockingly, the team announced the immediate suspension of operations.
ABfinance stated through their official X that
Planned launch will not move forward
This marked a sudden end to the founder’s effort to combine deposits, earnings, and spending under the U.S. regulatory umbrella. After the announcement, the team thanked its community and partners.
The team has not stated specific reasons or a closure timeline. Therefore, information about users needing to withdraw assets has not yet been officially confirmed.
Why are crypto exchanges failing?
Although ABfinance did not disclose the reasons for the exit, market conditions have become a major factor.
In fact, ABFinance joins a long list of projects that have closed in 2026. In July, for example, two major exchanges, BitMart and BitMex, announced their closure.
BitMart, for example, exited, citing market conditions, changing strategic directions, and difficult operating environments. These reasons have been cited by other projects, including BitMex.
Source: RootData
That’s not all, as Rootdata tracking reported that over 100 projects have closed down in 2026, including exchanges, Blockchains, DeFi Protocols , NFT Platforms, etc.
Therefore, these projects have mostly closed because of poor financial conditions. For instance, crypto trading volume plunged to a low of $43 billion from a high of over $150 billion.
For projects that have held treasuries, they have suffered even more as their investments have plunged significantly.
What’s next for crypto?
Although these projects have failed, it does not signal doom for the crypto market. In fact, the market has absorbed the recent closures of BitMart and BitMex very well.
Even after these projects announced an exit, the market barely moved and continued to trade within a thin range. Therefore, ABFinance’s failure to continue with the launch, will remain insignificant and have no impact on the market.
However, it sends a cautionary message to potential investors seeking to enter the market. Thus, market conditions are unkind and unwelcoming for new entrants.
Final Summary
ABFinance, a U.S.-compliant cryptocurrency trading platform, has announced the suspension of operations after only five months.
Crypto exchanges and projects continue to fail in 2026, driven by difficult financial conditions and a regulatory environment.
