📰 CoinEx announced it is stopping operations and entering orderly liquidation. This isn’t a sudden disappearance—this time, it has laid out a clear timeline and withdrawal arrangements.
Starting September 15, it will stop new user registrations and referral rewards, and futures will enter a reduce-only mode. On September 22, it will stop all non-spot services. On September 29, it will stop spot trading. The platform says its asset reserve ratio is over 100%, so users can withdraw their assets in full. The withdrawal channels will remain open until December 22.
🔥 CET will also be repurchased by the platform at 0.005 USDT. Any USDT not withdrawn by the deadline will be moved to independent custody, but a custody fee of 5% of the original balance will be charged every month. This deadline is one you must remember—don’t mistake “still withdrawable” for “can be dragged indefinitely.”
To be honest, the reason given by CoinEx’s founder is very straightforward: the market is sluggish, trading volume and liquidity have contracted, regulatory requirements are increasing, and compliance costs are rising as well. Revenue may decline, but the responsibilities the platform has to bear won’t shrink accordingly.
⚠️ On the same day, the Jiangsu Securities Regulatory Commission also reminded investors to beware of illegal financial activities carried out under the guise of RWA and that promote “principal-protected high returns.” In addition, the yield on the US 30-year Treasury has broken 5.40%, the highest since 2007. With all these pressures, the market’s challenges are no longer just about crypto price fluctuations.
🤔 If you still have assets on CoinEx, are you planning to withdraw them right away, or handle it before the final deadline?
#CoinEx #加密市场 #RWA #交易所安全
Starting September 15, it will stop new user registrations and referral rewards, and futures will enter a reduce-only mode. On September 22, it will stop all non-spot services. On September 29, it will stop spot trading. The platform says its asset reserve ratio is over 100%, so users can withdraw their assets in full. The withdrawal channels will remain open until December 22.
🔥 CET will also be repurchased by the platform at 0.005 USDT. Any USDT not withdrawn by the deadline will be moved to independent custody, but a custody fee of 5% of the original balance will be charged every month. This deadline is one you must remember—don’t mistake “still withdrawable” for “can be dragged indefinitely.”
To be honest, the reason given by CoinEx’s founder is very straightforward: the market is sluggish, trading volume and liquidity have contracted, regulatory requirements are increasing, and compliance costs are rising as well. Revenue may decline, but the responsibilities the platform has to bear won’t shrink accordingly.
⚠️ On the same day, the Jiangsu Securities Regulatory Commission also reminded investors to beware of illegal financial activities carried out under the guise of RWA and that promote “principal-protected high returns.” In addition, the yield on the US 30-year Treasury has broken 5.40%, the highest since 2007. With all these pressures, the market’s challenges are no longer just about crypto price fluctuations.
🤔 If you still have assets on CoinEx, are you planning to withdraw them right away, or handle it before the final deadline?
#CoinEx #加密市场 #RWA #交易所安全
