Exchange record
Aphelion
Wallet-integrated non-custodial exchange built on NEO that launched on mainnet in October 2018, temporarily halted trading after regulatory and market concerns, relaunched with KYC, and ultimately announced closure in October 2019 after low usage and sustained operating losses.
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Summary
Wallet-integrated non-custodial exchange built on NEO that launched on mainnet in October 2018, temporarily halted trading after regulatory and market concerns, relaunched with KYC, and ultimately announced closure in October 2019 after low usage and sustained operating losses.
Timeline
Aphelion opened its wallet-integrated decentralized exchange for NEO MainNet trading.
Aphelion disabled all MainNet DEX market pairs while citing new SEC rulings, market conditions, NEO technical challenges, and diminishing cash flow.
Aphelion announced that trading had returned after adding identity-verification controls intended to exclude United States participants.
Aphelion said it was taking steps to close the non-custodial exchange after low usage, operating losses, and weak token economics made the project unsustainable.