CoinEx shutting down Dec 22 after 9 years
Not a hack. Not a rug. Just the brutal math of 2024:
• Volumes dried up
• Liquidity evaporated
• Compliance costs crushing margins
This is what the post-FTX, post-Binance.US regulatory squeeze looks like for mid-tier exchanges. If you're not Binance/Coinbase scale or hyper-niche, you're getting priced out.
Reminder: CEX risk is real. Self-custody isn't just ideology anymore—it's survival.
RIP to another OG exchange. The consolidation phase is here.
Not a hack. Not a rug. Just the brutal math of 2024:
• Volumes dried up
• Liquidity evaporated
• Compliance costs crushing margins
This is what the post-FTX, post-Binance.US regulatory squeeze looks like for mid-tier exchanges. If you're not Binance/Coinbase scale or hyper-niche, you're getting priced out.
Reminder: CEX risk is real. Self-custody isn't just ideology anymore—it's survival.
RIP to another OG exchange. The consolidation phase is here.
