CoinEx shutting down after 9 years. Winds down Sept 15, fully dead by Dec 22.
Reason? Market's been brutal. Lower volumes, tighter regs, rising costs. They're not alone—BitMEX also closing this month.
Key dates:
• Sept 15: No new signups, fiat/margin/loans/staking stopped
• Sept 22: All non-spot services end
• Sept 29: Spot trading closes
• Dec 22: Final withdrawal deadline
They claim 100%+ reserves. Withdrawals open until Dec 22. After that, unwithdrawn $USDT goes into custody with a 5% monthly fee (brutal).
Also killing CoinEx Smart Chain and OneSwap. Buying back all $CET at 0.005 $USDT per token.
CoinEx Wallet and Vault stay live (separate products).
Another exchange bites the dust. If you're still holding anything there, get it out before December or you're paying rent on your own money.
Reason? Market's been brutal. Lower volumes, tighter regs, rising costs. They're not alone—BitMEX also closing this month.
Key dates:
• Sept 15: No new signups, fiat/margin/loans/staking stopped
• Sept 22: All non-spot services end
• Sept 29: Spot trading closes
• Dec 22: Final withdrawal deadline
They claim 100%+ reserves. Withdrawals open until Dec 22. After that, unwithdrawn $USDT goes into custody with a 5% monthly fee (brutal).
Also killing CoinEx Smart Chain and OneSwap. Buying back all $CET at 0.005 $USDT per token.
CoinEx Wallet and Vault stay live (separate products).
Another exchange bites the dust. If you're still holding anything there, get it out before December or you're paying rent on your own money.