The BYEX trading platform has begun preparations for business downsizing and system shutdown, and will soon cease operations.

According to Mars Finance, on December 8th, it was reported that the digital asset trading platform BYEX has begun a comprehensive business downsizing and has started preparations for a complete system shutdown. Industry insiders revealed that BYEX's shutdown is due to a series of unforeseen circumstances and a long-term strategic adjustment in the platform's business direction. BYEX has already issued internal and external notices reminding users to transfer their platform account assets before 23:59 (UTC+8) on December 31, 2025. Several market analysts stated that BYEX's shutdown reflects the widespread pressure faced by mid-sized trading platforms, including regulatory uncertainty, liquidity fragmentation, and intensified competition among trading platforms. These systemic challenges may have influenced BYEX's strategic decisions.