ABFinance, U.S. Crypto Exchange Founded by Former Bybit Co-CEO, Suspends Operations - CryptoRank

ABFinance, a U.S.-based cryptocurrency exchange founded by the former co-CEO of Bybit, has suspended operations, according to data from CryptoRank. The platform, which aimed to serve American retail and institutional clients, has not provided immediate detail on the scope or duration of the suspension. The development is notable given the founder’s background at one of the world’s largest derivatives exchanges, and it underscores the operational challenges facing new entrants in the highly competitive U.S. digital asset market.

The halt comes amid a tightening regulatory environment and intense pressure on smaller exchanges to maintain liquidity, compliance, and banking relationships. While the precise cause remains undisclosed, the news adds to a pattern of consolidation and withdrawal among mid-tier trading venues. For market participants, such suspensions can affect liquidity fragmentation and temporarily increase reliance on larger, established platforms.

Observers should watch for clarity on user fund withdrawals, any formal regulatory actions, and the exchange’s public communications in the coming days. The episode serves as a reminder that in crypto, platform continuity remains a key risk factor separate from asset price movements.