Coinbase-Backed Satori Finance Says It Will Wind Down Operations

Satori Finance, a decentralized derivatives platform backed by names including Coinbase Ventures and Polychain Capital, has said it will wind down operations by July 16, putting another spotlight on how difficult crypto perps infrastructure has become outside the largest venues.TL;DRSatori Finance said it will shut down operations and terminate services by July 16, 2026.The team cited prolonged unfavorable market conditions and unsustainable revenues.The stronger angle is not venture backing, bu