Hong Kong-based crypto exchange CoinEx to cease operations
CoinEx said falling trading volumes, liquidity and compliance costs drove the shutdown, with users able to withdraw funds until Dec. 22.
- On Tuesday, CoinEx announced a staged shutdown beginning immediately and fully ceasing operations December 22, 2026, citing prolonged market downturn, contracting trading volume and liquidity, and rising regulatory compliance costs.
- CoinEx CEO Haipo Yang stated the exchange faced mounting security and compliance risks that became increasingly difficult to contain, joining BitMart, BitMEX and AscendEX in shutting down this year amid market pressures.
- Spot trading ends September 29 with non-USDT assets converted to USDT or withdrawn; futures positions settle September 22 using index prices, while withdrawals remain available until December 22 at 02:00 UTC when remaining USDT enters independent custody with a 5% monthly fee.
- CoinEx Wallet and Vault will remain operational as independent services while the exchange maintains full reserve backing exceeding 100%, repurchasing its CET token at 0.005 USDT through September 29.
- In June 2026, a Wall Street Journal report linked $3.84 billion to Iran-related entities; CoinEx disputed the characterization, and a September 2023 breach cost an estimated $70 million attributed to North Korea's Lazarus Group, with a 2023 New York settlement requiring $1,172,971.50 in refunds and an August 22, 2028 claims deadline.
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Hong Kong-based crypto exchange CoinEx to cease operations
Sept 15 (Reuters) - Hong Kong-based crypto exchange CoinEx said on Tuesday it has decided to cease operations, citing 'prolonged downturn' in the cryptocurrency market and the rising regulatory requirements in the industry. CoinEx said it ma...
Cointelegraph
The New York LedgerCoinEx to Shut Down as Trading Volumes Decline
CoinEx said falling trading volumes and liquidity, along with rising regulatory and compliance costs, had exceeded “reasonable boundaries,” with withdrawals remaining open until Dec. 22.
CoinEx announces an orderly closure after nine years. Users have until December 22 to withdraw funds and avoid commissions. CoinEx ticket closes its exchange after 9 years: until December to withdraw funds aparece primero en Merca2.
CoinEx to Shut Down After 9 Years, Blames Crypto Contraction
CoinEx, a cryptocurrency exchange launched in December 2017 by the ViaBTC mining pool, says it is winding down its trading operations amid a prolonged downturn that has pressured volumes and liquidity. In an announcement shared on Tuesday, the platform cited sinking market activity as well as increasing regulatory and compliance burdens that it says have [...]
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