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CoinEx announces shutdown; withdrawals to remain open until December 22, 2026

Crypto.news reports that spot trading is set to end September 29. CoinDesk says the exchange’s CEO cited escalating security and compliance risks as reasons for the shutdown.

crypto.newsCR
Nikkei AsiaNA
CoinDeskCO
7 Sources, 21d ago, first seen 21d ago

TLDR

Crypto.news reported on September 15 that CoinEx had announced an orderly wind-down. New registrations and non-spot services were scheduled to stop that day, followed by spot trading on September 29. Withdrawals would remain open until December 22, 2026. The outlet reports that CoinEx says all user assets are fully backed. CoinDesk reports that the shutdown comes after nine years of operations, with the CEO citing escalating security and compliance risks.

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152.6K

7 Sources, first seen 21d ago

190 likes37 comments24 saves51 reposts

Combined views

152.6K

7 Sources, first seen 21d ago

190 likes37 comments24 saves51 reposts

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7 Sources

crypto.news@cryptodotnewsJUST IN: CoinEx announces it will cease operations and begin an orderly wind-down New registrations and non-spot services will stop on September 15; spot trading ends September 29, and withdrawals remain open until December 22, 2026, with CoinEx stating all user assets are fully backed.21d
Nikkei Asia@NikkeiAsiaHong Kong-founded crypto exchange CoinEx to shut down https://s.nikkei.com/3Veyy6R21d
CoinDesk@CoinDeskLATEST: @CoinExcom shuts down after nine years, with users given until December 22 to withdraw funds, as CEO cites escalating security and compliance risks, joining BitMEX and BitMart in a wave of exchange closures this year.20d
CoinGape@CoinGapeMedia🚨 #COINEX SHUTS DOWN AFTER 9 YEARS! ⚠️ @CoinExCom is shutting down its exchange operations after nearly nine years, raising fresh questions about the #growing challenges smaller crypto #exchanges face in an increasingly competitive #market. 🎥 Watch the full video below 👇20d
CryptoSlate@CryptoSlateCoinEx is shutting down after nine years, citing shrinking revenue and rising compliance costs. Its exit comes as trading activity concentrates at the top: Binance, OKX, MEXC, Bybit and Gate handled about 88% of volume across CoinMarketCap’s August exchange cohort. https://cryptoslate.com/coinex-quits-after-9-years-as-crypto-trading-activity-concentrates-at-biggest-exchanges/20d
The Wall Street Journal@WSJCoinEx, a crypto exchange once popular in Iran, said it was shutting down on Tuesday citing a prolonged downturn in the cryptocurrency market and rising compliance costs. https://on.wsj.com/4yZztHd20d
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    7 Sources

    crypto.news@cryptodotnewsJUST IN: CoinEx announces it will cease operations and begin an orderly wind-down New registrations and non-spot services will stop on September 15; spot trading ends September 29, and withdrawals remain open until December 22, 2026, with CoinEx stating all user assets are fully backed.21d
    Nikkei Asia@NikkeiAsiaHong Kong-founded crypto exchange CoinEx to shut down https://s.nikkei.com/3Veyy6R21d
    CoinDesk@CoinDeskLATEST: @CoinExcom shuts down after nine years, with users given until December 22 to withdraw funds, as CEO cites escalating security and compliance risks, joining BitMEX and BitMart in a wave of exchange closures this year.20d
    CoinGape@CoinGapeMedia🚨 #COINEX SHUTS DOWN AFTER 9 YEARS! ⚠️ @CoinExCom is shutting down its exchange operations after nearly nine years, raising fresh questions about the #growing challenges smaller crypto #exchanges face in an increasingly competitive #market. 🎥 Watch the full video below 👇20d
    CryptoSlate@CryptoSlateCoinEx is shutting down after nine years, citing shrinking revenue and rising compliance costs. Its exit comes as trading activity concentrates at the top: Binance, OKX, MEXC, Bybit and Gate handled about 88% of volume across CoinMarketCap’s August exchange cohort. https://cryptoslate.com/coinex-quits-after-9-years-as-crypto-trading-activity-concentrates-at-biggest-exchanges/20d
    The Wall Street Journal@WSJCoinEx, a crypto exchange once popular in Iran, said it was shutting down on Tuesday citing a prolonged downturn in the cryptocurrency market and rising compliance costs. https://on.wsj.com/4yZztHd20d
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