CoinEx is less than one day from the most consequential stage of its orderly exchange shutdown.
At:
September 29, 2026 at 02:00 UTC
CoinExs published wind-down reaches the spot and asset-processing phase.
For many users, this is more important than the later December 22 general withdrawal deadline.
What changes September 29
The wind-down plan says:
- all spot trading ends;
- unfilled spot orders are cancelled;
- remaining CET is automatically repurchased;
- CoinEx Smart Chain (CSC) ceases operations;
- OneSwap ceases operations;
- the related cross-chain bridge/redemption process ends;
- remaining non-USDT assets begin disposal/processing.
Original-form asset deadline
CoinEx says users who want non-USDT balances in the original token form should withdraw before:
02:00 UTC on September 29
Afterward, assets with external-market liquidity may be sold outside CoinEx and the net proceeds credited in:
USDT
This changes the users economic position from:
- ownership of token X;
to potentially:
- a USDT claim resulting from CoinExs disposal of token X.
Illiquid assets carry greater risk
If an asset lacks sufficient external-market liquidity, CoinEx says it may be gradually delisted and the platform may stop maintaining the relevant wallet/custody support.
This is more severe than a normal forced conversion because there may not be enough external market depth to complete a reasonable sale.
Users holding thinly traded tokens face the highest residual risk.
CET automatic repurchase
CoinEx has been running a CET buyback at:
0.005 USDT per CET
The exchange says any remaining CET in user accounts at the September 29 stage will be automatically repurchased at the same price.
The repurchase is platform-defined, not open-market price discovery.
Users who do not want that outcome need to have managed CET before the deadline.
CoinEx Smart Chain and OneSwap
The shutdown is broader than the centralized order book.
CoinEx Smart Chain and OneSwap are also scheduled to cease on September 29.
Users with:
- bridged assets;
- CSC-native assets;
- OneSwap positions;
must distinguish those systems from ordinary CEX spot balances.
A general December withdrawal window on the exchange does not imply a chain/bridge remains operational.
What already happened September 22
The non-spot phase has already passed.
Under the schedule:
- futures services ceased;
- remaining futures positions were subject to forced settlement;
- Earn and staking entered platform redemption;
- most deposits closed;
- non-spot services ended.
September 29 is the next separate stage.
General withdrawals continue until December 22
CoinEx says the general exchange withdrawal window remains open until:
December 22, 2026 at 02:00 UTC
But this deadline should be understood correctly.
It is not a promise that every original non-USDT token remains supported for withdrawal until December 22.
The earlier September 29 asset-processing rules can change balances into USDT or remove support for illiquid assets.
After December 22
CoinExs published terms say eligible unwithdrawn USDT can move into an independent custody arrangement.
The wind-down terms describe:
- monthly custody fees equal to 5% of the original deadline balance;
- a claim window through August 22, 2028.
Users should not intentionally rely on that custody process as a substitute for normal withdrawal.
CoinEx reserve statement
CoinEx says:
- reserve ratio exceeds 100%;
- user assets are fully backed.
No evidence in the shutdown announcement establishes insolvency.
Nevertheless, reserve coverage and execution risk are different:
- withdrawals can be delayed;
- networks can congest;
- conversion prices can be unfavorable;
- illiquid assets can lose support.
Closure reason
CoinEx attributes the wind-down to:
- prolonged market weakness;
- lower industry trading volume/liquidity;
- rising regulatory requirements;
- compliance costs and operational uncertainty.
The shutdown is not presented as a hack-triggered closure.
Separate services
CoinEx has said CoinEx Wallet and CoinEx Vault are independent and outside the exchange-platform cessation.
Users should verify which legal/product environment actually holds their assets.
Scam risk
CoinEx has described its shutdown announcement as final and warned users against fake:
- supplementary rules;
- withdrawal notices;
- recovery procedures.
A closure is a high-risk environment for impersonation.
Never send funds to an address merely because a message says it is needed to “unlock” a withdrawal.
Evidence Status
Confirmed / CoinEx Wind-Down Terms
- Sep. 29 spot closure.
- Open-order cancellation.
- CET repurchase at 0.005 USDT.
- CSC/OneSwap cessation.
- Non-USDT original-form cutoff at 02:00 UTC.
- External disposal/USDT credit mechanism.
- Dec. 22 general withdrawal deadline.
- Post-deadline custody framework.
Project Claim
- Reserve ratio >100%.
- User assets fully backed.
Developing
- Actual disposal prices.
- Which illiquid assets cannot be sold.
- User withdrawal congestion.
- Support disputes.
- Final residual balances entering custody.
Risk Assessment
Critical.
The shutdown is orderly, but September 29 is an irreversible transition from user-controlled spot/withdrawal choices to platform-controlled disposal for many balances.
What to Watch Next
Sep. 29 execution, CET repurchase, open-order cancellation, CSC/OneSwap status, non-USDT conversions, withdrawal throughput and December custody transition.
FAQ
When does CoinEx spot trading end？
September 29 at 02:00 UTC under the published wind-down.
What is the deadline to keep non-USDT assets in original form？
Users should complete original-form withdrawals before September 29 at 02:00 UTC.
What happens to remaining liquid non-USDT assets？
CoinEx may sell them externally and credit net proceeds in USDT.
What happens to CET？
Remaining CET is scheduled for automatic repurchase at 0.005 USDT per CET.
Can users still withdraw after September 29？
General withdrawal services remain scheduled through December 22, but not every original token is guaranteed to remain supported unchanged.
Is CoinEx closing because it is insolvent？
The published reason is market/regulatory/compliance pressure; CoinEx says reserves exceed 100%.