Another exchange bites the dust 🥲
CoinEx is shutting down operations - citing prolonged bear market, liquidity crunch & rising compliance costs.
Timeline:
• Sept 15: New user registration closed
• Sept 22: All non-spot trading halted
• Sept 29 10:00 UTC: Spot trading stops, non-$USDT assets liquidated
• Withdrawals open until Dec 22, 2026 10:00 UTC
If you don't withdraw by deadline, your $USDT goes into "independent custody" with a brutal 5% monthly fee on your end balance. Custody claim window closes Aug 22, 2028.
CoinEx Smart Chain & OneSwap also getting shut down.
This is what happens when volume dries up and regulatory pressure mounts. If you still have funds there - get them out NOW. Don't be the guy paying 5% monthly storage fees on your own money.
CoinEx is shutting down operations - citing prolonged bear market, liquidity crunch & rising compliance costs.
Timeline:
• Sept 15: New user registration closed
• Sept 22: All non-spot trading halted
• Sept 29 10:00 UTC: Spot trading stops, non-$USDT assets liquidated
• Withdrawals open until Dec 22, 2026 10:00 UTC
If you don't withdraw by deadline, your $USDT goes into "independent custody" with a brutal 5% monthly fee on your end balance. Custody claim window closes Aug 22, 2028.
CoinEx Smart Chain & OneSwap also getting shut down.
This is what happens when volume dries up and regulatory pressure mounts. If you still have funds there - get them out NOW. Don't be the guy paying 5% monthly storage fees on your own money.
