The AscendEX stock exchange stopped trading due to MiCA and liquidity shortages
7/9/2026, 08:01 AM • Евгения Слив

The AscendEX crypto-wire (formerly BitMax) ceased operations on 1 July, citing the entry into force of the MiCA regime in the EU, a lack of authorization to operate in the region, and financial and operational problems. The company acknowledged the liquidity shortfall after the strategic deal failed and warned that users might not be able to withdraw in full. In the event of bankruptcy, the distribution of balances will be handled through a formal procedure. Oncheen analyst ZachXBT recorded near-empty stock reserves in ETH, USDT, USDC and SOL as early as June.
At the same time, DeFi tracker Zapper announced closure: the website, mobile apps and API will be deactivated on 3 August. The project, launched in 2019, at its peak served ~2 million active users per month and processed more than $13 billion in transactions. Despite attracting $15 million in investment, co-founder Seb Ode called "orderly winding up" the best scenario under current market conditions, acknowledging that the DeFi access facilitation mission has not been fully realized.
