POPA ReconJust In: Former Binance Futures Head's Perp DEX StandX to Shut Down, Scrap Token Launch
Just In: Former Binance Futures Head's Perp DEX StandX to Shut Down, Scrap Token Launch StandX, a decentralized perpetual futures exchange founded by former Binance Futures head Aaron Gong and other industry veterans, announced it will shut down operations and abandon plans to launch a platform token following a business and market review. Since its November 2025 mainnet launch, StandX says it has served over 237,000 users and reached peak TVL of more than $200 million. Yield distributions will end on October 15, while perpetual trading will become reduce-only on October 20. All remaining po…
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