IF YOU USE COINEX, DO NOT IGNORE THIS SHUTDOWN WARNING ๐จ๐โ ๏ธ
On 15 September 2026, crypto exchange CoinEx announced it is shutting down after nearly 9 years ๐๐๏ธ
Founded in December 2017, the platform cited three main pressures:
๐น Market slump: Prolonged industry downturn dried up trading liquidity ๐
๐ธ Regulation: Rising compliance rules and licensing demands globally โ๏ธ
๐น High costs: Operating overhead exceeded sustainable limits ๐ธ
Wind-down milestones:
๐ถ 15 Sept: Signups halt, and futures switch to reduce-only mode ๐
๐ท 22 Sept: Non-spot services stop, and blockchain deposits halt ๐
๐ธ 29 Sept: Spot trading ends, and CoinEx Smart Chain (CSC) shuts down โ๏ธ
๐น 22 Dec: 90-day withdrawal window closes, and platform shuts down ๐ช
Key points for holders:
๐ $CET buyback: Repurchased at 0.005 USDT on 29 September 2026 ๐ฐ
๐ 100% reserves: Customer assets are fully backed and ready to withdraw ๐
๐ Penalty fee: Assets left after 22 December incur a 5% monthly fee โ ๏ธ
did you ever trade on CoinEx? ๐
#CoinEx #CryptoNews #CryptoExchange #Trading
On 15 September 2026, crypto exchange CoinEx announced it is shutting down after nearly 9 years ๐๐๏ธ
Founded in December 2017, the platform cited three main pressures:
๐น Market slump: Prolonged industry downturn dried up trading liquidity ๐
๐ธ Regulation: Rising compliance rules and licensing demands globally โ๏ธ
๐น High costs: Operating overhead exceeded sustainable limits ๐ธ
Wind-down milestones:
๐ถ 15 Sept: Signups halt, and futures switch to reduce-only mode ๐
๐ท 22 Sept: Non-spot services stop, and blockchain deposits halt ๐
๐ธ 29 Sept: Spot trading ends, and CoinEx Smart Chain (CSC) shuts down โ๏ธ
๐น 22 Dec: 90-day withdrawal window closes, and platform shuts down ๐ช
Key points for holders:
๐ $CET buyback: Repurchased at 0.005 USDT on 29 September 2026 ๐ฐ
๐ 100% reserves: Customer assets are fully backed and ready to withdraw ๐
๐ Penalty fee: Assets left after 22 December incur a 5% monthly fee โ ๏ธ
did you ever trade on CoinEx? ๐
#CoinEx #CryptoNews #CryptoExchange #Trading
