CoinEx To Close Doors After Nine Years in Crypto

CoinEx is officially shutting down after nearly a decade in the business. Founder Haipo Yang confirmed that the exchange will end all spot trading on September 29, followed by a total closure on December 22. The team stated they have no plans to sell the platform to another entity.

The decision comes after a prolonged period of market weakness and increasing expenses related to compliance. The exchange started an orderly wind down on September 14, immediately halting new user registrations and referral programs to ensure a clean exit for current clients.

This move highlights the ongoing pressure on smaller exchanges to stay profitable while meeting global legal standards. For users, the focus is now on moving funds off the platform before the final December deadline. It serves as a reminder to check your balances and prepare for the upcoming service termination.