CoinEx to Close Exchange on Ninth Anniversary
Crypto exchange CoinEx will end spot trading on Sept. 29, stop withdrawals at 2:00 UTC on Dec. 22 and close the platform on Dec. 22, exactly nine years after its launch. In an announcement, CoinEx blamed a prolonged crypto-market downturn, a contraction in trading volume and liquidity, and rising regulatory requirements, compliance costs and operational uncertainty. The venue said it began the staged wind-down on Sept. 15. Discover more NEWS Digital Currencies Engineering & Technology Founder Haipo Yang said CoinEx did not become a leading exchange, he wrote on X, while security and compliance risks became harder to contain. “Carrying unlimited risk for limited revenue is no longer a rational choice,” Yang said. He added that he considered selling the exchange but decided against it. Trading Ends Before Withdrawals New registrations have stopped, futures are in reduce-only mode, and CoinEx is no longer accepting new orders or subscriptions for products including margin trading, loans, Earn and staking. All non-spot services and most deposits are scheduled to end Sept. 22. CoinEx will stop spot trading on Sept. 29. At 2:00 UTC that day, it will begin processing assets other than USDT. Tokens with external liquidity will be sold in batches and converted to USDT based on net sale proceeds. For









