Crypto wealth management service Heybit will terminate its global operations two years after withdrawing from the South Korean market, Digital Asset reported. In a notice on Dec. 23, Heybit Global ann...

Crypto wealth management service Heybit will terminate its global operations two years after withdrawing from the South Korean market, Digital Asset reported. In a notice on Dec. 23, Heybit Global announced it will end all services at 8:00 a.m. UTC on Jan. 30, 2026. The company stated that it concluded it would be difficult to continue operations due to changes in the business and regulatory environment.

Heybit to shut down global services in January 2026

Over the past six months, I've gone from being an observer of Web3 to entering the payment industry. Now, I've chosen to stop and cease working on Web3 payments.

This isn't a retreat after a failure, but rather a judgment and adjustment made after truly getting involved. In these past six months, I've traveled to Yiwu, Shuibei, Putian, and even Mexico, seeing how payments are actually implemented in the most prominent places mentioned in reports. I've also been involved, building a Web3 payment MVP, taking over accounts, developing Web3 payment tools, and trying to run my imagined path from the first step to the last.

But the further I went…

An entrepreneur's account: From beginning to end, why I stopped developing Web3 payments.

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