US-based crypto exchange ABFinance, founded by ByBit’s former CEO Helen Liu, closed its doors last week before it ever opened.

ABFinance announced last Friday that the exchange’s planned launch will no longer go forward and that it is “winding down in an orderly manner.”

ABFinance lasted six months

Liu founded the exchange in March before stepping down from her ByBit co-CEO role on April 30, 2026. 

After ABFinance’s closure, Liu thanked her team and said: “It’s difficult to see this chapter come to an end.”

Over the last six weeks, BitMart, BitMEX, and AscendEX have also announced that they will be closing shop.