CoinEx is Shutting Down after Nearly Nine Years of Operation - What it means for Crypto Industry This is not good news for the crypto industry. CoinEx shutdown can be linked to prolonged market downturn, declining trading volume and liquidity, as well as rising regulatory and compliance costs. Most trading services will be phased out by September 29, with withdrawals continuing until December 22, 2026. CoinEx may not be one of the biggest crypto exchanges, but every major exchange shutdown sends a message about the health of the market. Lower liquidity means fewer trading opportunities, less competition between exchanges and potentially more pressure on smaller projects that depend on centralized platforms for access to users. More importantly, it shows that the current market environment is still putting serious pressure on crypto businesses. Crypto needs more strong, sustainable exchanges and infrastructure, not fewer. Hopefully, this becomes a reminder for the industry to build businesses that can survive difficult market cycles, not just the bullish ones. $ZEC , $CAP
Bitcoin is currently trading around the $79,600 mark. The market is in a consolidation phase right now, as investors are being cautious and waiting for upcoming economic data before making any major moves.
"Bitcoin is currently fluctuating within a specific range and showing some negative movement. Due to this market situation, altcoins are unable to pump. Be cautious in this dangerous zone."