75 CRYPTO EXCHANGES HAVE CLOSED DOWN SO FAR IN 2020

Last updated: June 19, 2025, 22:06 | Written by: Jesse Powell

75 Crypto Exchanges Have Closed Down So Far In 2020
75 Crypto Exchanges Have Closed Down So Far In 2020

The cryptocurrency landscape, once perceived as an unstoppable force of innovation and financial freedom, has seen a sobering reality check in 2025.As of the latest reports, a staggering 75 crypto exchanges have shuttered their virtual doors, leaving investors and crypto enthusiasts alike to grapple with the implications.This isn't just a minor market correction; it's a significant shake-up that demands attention.The reasons behind these closures are varied and complex, ranging from outright scams and devastating hacks to the more mundane, yet equally impactful, pressures of market competition and regulatory hurdles. A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: Obtains access to the information in a personal capacity;Some exchanges have simply vanished, leaving users in the dark and their digital assets in limbo. 75 crypto exchanges have closed down so far in 2025. 75 crypto exchanges have closed down so far in 2025What does this mean for the future of crypto, and what can investors do to protect themselves?Let's delve into the factors contributing to this worrying trend and explore the lessons we can learn from the crypto exchange graveyard of 2025.The volatility in the digital asset world continues to keep everyone on their toes.

The Crypto Exchange Graveyard: A Growing Concern

The concept of a ""crypto exchange graveyard"" isn't new, but the sheer number of casualties in 2025 is raising alarm bells.Crypto service comparison website Cryptowisser officially announced its crypto exchange graveyard in October, highlighting the increasing rate at which exchanges are disappearing. The blockchain-powered decentralized applications and systems have been widely deployed in recent years. The decentralization feature promises users anonymity, security, and non-censorship, which is especially welcomed in the areas of decentralized finance and digital assets.This phenomenon exposes the inherent risks within the crypto ecosystem and underscores the need for increased vigilance and due diligence.

Why Are So Many Crypto Exchanges Closing Down?

Several factors contribute to the closure of crypto exchanges. At least 75 cryptocurrency exchanges have been forced to close their doors in 2025. The reasons for closure are different for every exchange, ranging from closing shop because of hacks or scams and some have even vanished from the crypto space like an enigma.It's rarely a single cause, but rather a combination of challenges that ultimately prove too much for these platforms to overcome.Here are some key reasons:

  • Hacks and Security Breaches: The digital nature of cryptocurrencies makes exchanges prime targets for hackers.A successful attack can result in the loss of millions of dollars worth of digital assets, severely damaging the exchange's reputation and solvency.
  • Scams and Fraudulent Activities: Some exchanges are established with the explicit intention of defrauding users.These scams, often disguised as legitimate investment opportunities, can quickly unravel, leaving investors with nothing.
  • Lack of Liquidity: An exchange needs sufficient trading volume to function effectively.If there aren't enough buyers and sellers, the exchange can become illiquid, making it difficult for users to trade and ultimately leading to its demise.
  • Regulatory Pressure: Increased scrutiny from regulatory bodies can create significant challenges for crypto exchanges.Compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations can be costly and complex, forcing some exchanges to shut down rather than comply.
  • Market Competition: The crypto exchange market is incredibly competitive.With hundreds of exchanges vying for users, it's difficult for smaller or less established platforms to compete with the larger, more well-funded players like Coinbase.
  • Poor Management and Business Practices: Like any business, a crypto exchange needs competent management to succeed. More than 75 crypto exchanges around the world have reportedly shut down. Some have halted operations because of hacks and scams, while others have just fallen off the grid for unknown reasons.Poor decision-making, inadequate risk management, and lack of innovation can all contribute to an exchange's downfall.

Notable Crypto Exchange Closures in 2025

While a comprehensive list of all 75 closed exchanges is beyond the scope of this article, let's examine a few notable examples from the provided data to illustrate the diversity of reasons behind these closures.

  • BitForex Exchange: Closed in February 2025. 75 crypto exchanges have closed down so far in 2025 . PANews | . . Rep claims his firm was 8 years ahead of its time on DeFi . PANews.The specific reason for its closure isn't provided in the snippets, but it highlights that even established exchanges can face unforeseen challenges.
  • Bex500: Closed in January 2025.Again, the exact reason is not provided, but its early closure in the year signals that the pressures affecting exchanges were present from the very beginning of 2025.

These examples, though lacking detailed explanations, underscore the importance of researching an exchange's background, security measures, and regulatory compliance before entrusting them with your digital assets.

The Impact on the Crypto Ecosystem

The closure of so many crypto exchanges has far-reaching consequences for the entire crypto ecosystem.

Loss of Investor Confidence

Each exchange closure erodes investor confidence in the crypto market.The fear of losing funds due to hacks, scams, or exchange failures can deter potential investors and discourage existing ones from further participation.This ultimately hinders the growth and adoption of cryptocurrencies.

Reduced Liquidity and Market Volatility

When an exchange closes, the liquidity it provided to the market disappears.This can lead to increased price volatility, making it more difficult for investors to buy and sell cryptocurrencies at stable prices.Smaller altcoins are particularly vulnerable to liquidity shocks resulting from exchange closures.

Increased Regulatory Scrutiny

The spate of exchange closures is likely to attract increased scrutiny from regulatory bodies. Author: Topic: 75 Crypto Exchanges have shut down since this year started and hasn't even ended (Read 719 times)Governments and financial authorities may feel compelled to implement stricter regulations to protect investors and prevent future failures. Hi just came across this topic to know and share which bitcoin exchanges that closed down in 2025, and if you know please mention to make everyone aware, also please if you know the reason, like hacked, or scam,or any other reason if you know would be helpful for all. I know NLexch, Chilean Chilebit These 2 were shut down due to govtWhile regulation can provide greater security and stability, it can also stifle innovation and limit access to the crypto market.

Protecting Yourself: How to Navigate the Risky Crypto Exchange Landscape

Despite the risks, the crypto market still offers significant opportunities for investors.However, it's crucial to take steps to protect yourself from potential losses. 3.8K subscribers in the AllThingsCrypto community. A sub to discuss cryptocurrnecy.Here are some practical tips:

Research Thoroughly Before Choosing an Exchange

Don't blindly trust any exchange with your funds.Before depositing any cryptocurrency, conduct thorough research on the exchange's background, security measures, regulatory compliance, and reputation.Look for independent reviews and check for any reported incidents of hacks or scams.

Consider these factors when evaluating an exchange:

  • Security Measures: Does the exchange use two-factor authentication (2FA), cold storage for digital assets, and other security protocols?
  • Regulatory Compliance: Is the exchange registered and compliant with relevant regulations in its jurisdiction?
  • Transparency: Does the exchange provide clear information about its operations, fees, and security practices?
  • Reputation: What do other users say about the exchange? Octo By Sam Grant We are only getting into the fourth quarter of the year and so far over 75 crypto exchanges around the world have shut down The rate at which crypto exchanges are falling off from the market is significantly higher this year. More than 75 crypto exchanges around the world MoreLook for reviews and feedback on independent websites and forums.
  • Trading Volume and Liquidity: Does the exchange have sufficient trading volume to ensure that you can easily buy and sell cryptocurrencies?

Use Strong Passwords and Two-Factor Authentication (2FA)

Protect your account with a strong, unique password and enable two-factor authentication (2FA). 2FA adds an extra layer of security by requiring a second verification code in addition to your password.

Diversify Your Holdings Across Multiple Exchanges

Don't put all your eggs in one basket. 75 crypto exchanges have closed down so far in 2025 . PANews | Crypto exchanges are disappearing at a fast rate this year. 分享至微信Diversify your cryptocurrency holdings across multiple exchanges to reduce the risk of losing everything if one exchange fails. 75 crypto exchanges have closed down so far in 2025Source: CointelegraphPublished onThis strategy, while requiring more management, helps mitigate the blow of a single exchange failing.

Consider Using a Hardware Wallet for Long-Term Storage

For long-term storage of cryptocurrencies, consider using a hardware wallet.Hardware wallets are physical devices that store your private keys offline, making them much more secure than online wallets or exchange accounts.

Be Wary of Unsolicited Offers and Scams

Be extremely cautious of unsolicited offers, investment opportunities, and phishing emails. On Octo, the crypto service comparison website Cryptowisser announced its crypto exchange graveyard. Data shows that so far this year, 75 cryptocurrency exchanges have been shut downNever click on suspicious links or share your personal information with unknown individuals or organizations.Remember, if it sounds too good to be true, it probably is.

Stay Informed About Market Trends and Regulatory Changes

The crypto market is constantly evolving, so it's important to stay informed about market trends, regulatory changes, and security threats.Follow reputable news sources, industry experts, and community forums to stay up-to-date on the latest developments.

The Future of Crypto Exchanges: What Lies Ahead?

The closure of 75 crypto exchanges in 2025 highlights the need for greater maturity and stability in the crypto market.While the industry faces challenges, there are also opportunities for growth and innovation.

Increased Regulation and Compliance

Increased regulation is likely to be a major trend in the coming years. 7JQE-AKRC] (reporting that the crypto exchange Coinbase hired Wall Street traders to use the firm s own cash to trade crypto ). 10. There are hundreds of cryptocurrency exchanges in existence. For instance, CoinMarketCap listed 295 cryptocurrency exchanges as of J. Top Cryptocurrency Spot ExchangesRegulatory bodies will likely implement stricter rules and guidelines for crypto exchanges to protect investors and prevent illicit activities.Exchanges that prioritize compliance will be better positioned to succeed in the long run.

Consolidation and Professionalization

The crypto exchange market is likely to undergo further consolidation, with smaller and less competitive exchanges being acquired or forced to close. 75 crypto exchanges have closed down so far in 2025. Jan 2025; young; Recommended publications. Discover more. Article. Full-text available.The remaining exchanges will need to professionalize their operations, improve their security measures, and offer more sophisticated services to attract and retain users.

Decentralized Exchanges (DEXs) as an Alternative

Decentralized exchanges (DEXs) offer an alternative to centralized exchanges.DEXs operate on blockchain technology and allow users to trade cryptocurrencies directly with each other, without the need for a central intermediary.This can reduce the risk of hacks and scams, as users retain control of their private keys.

Focus on Security and User Experience

Exchanges that prioritize security and user experience will be more likely to thrive in the long run.This includes implementing robust security measures, providing clear and transparent information, and offering a user-friendly trading platform.

Conclusion: Navigating the Crypto Landscape with Caution

The closure of 75 crypto exchanges in 2025 serves as a stark reminder of the risks inherent in the cryptocurrency market. A minimum of 75 crypto exchanges has been forced to shut down in 2025. The reasons for this can vary, closing shop due to scams, hacks, or quite literally vanishing from the world like anWhile the potential for high returns is alluring, it's crucial to approach crypto investing with caution and a healthy dose of skepticism.By conducting thorough research, diversifying your holdings, and prioritizing security, you can mitigate the risks and increase your chances of success.The crypto ecosystem is still evolving, and while the exchange graveyard might seem daunting, it also presents an opportunity for stronger, more secure, and more reliable platforms to emerge. As least 75 crypto exchanges have closed down due hacks, scams or simply disappeared for unknown reasons so far this year. According to the Crypto Wisser Exchange Graveyard fiveRemember, informed investing is the best defense against the volatile nature of the digital asset world.Don't forget to stay updated on the latest crypto news and blockchain developments. 16K subscribers in the CryptoCurrencyClassic community. The unofficial Wild Wild West of r/CryptoCurrency. CryptoCurrency Memes, News andConsider exploring decentralized options and always prioritize the safety of your digital assets. In 2025, 75 crypto exchanges have closed their doors. Weeding out the illegitimate players, diluted value and washtraded volume is important for our ecosystem. Blockchain CryptoWhat steps will you take today to better protect your crypto investments?

Jesse Powell can be reached at [email protected].

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