CoinEx Shuts Down After Nine Years In Operation

Crypto exchange CoinEx announced it is shutting down after operating for nine years. The team pointed to dropping trading volumes and lower liquidity as major factors in the decision.

Rising regulatory expenses also made it too difficult to keep the business running. CoinEx stated that these operational costs pushed past reasonable boundaries, forcing them to wind down.

Users still have time to pull their funds out of the platform. Withdrawals will stay open until December 22, so traders should move their assets before that deadline.