CoinEx Announces Complete Shutdown After Nine Years of Operation

Crypto exchange CoinEx confirmed it will wind down operations, attributing the decision to a sustained contraction in the cryptocurrency market, reduced trading activity, and increasing regulatory and compliance expenses.

Wind‑down Timeline

• Sept. 22: Non‑spot services and on‑chain deposits (except CET) are discontinued.
• Sept. 29: Spot trading stops; non‑USDT assets will be processed.
• Dec. 22: Withdrawal window closes and the exchange shuts down completely.

Service Changes

During the wind‑down, CoinEx will halt new user registrations, referral commissions, and rewards. Futures contracts will switch to “Reduce‑Only” mode, and the platform will stop accepting new orders for fiat, margin trading, lending, earn, staking, and strategic trading services.

Asset Handling

• Unwithdrawn USDT will be transferred to an independent custodian, subject to a monthly custody fee.
• CoinEx will repurchase its CET token at the initial listing price of 0.005 USDT per token.
• CoinEx Wallet and CoinEx Vault will remain operational as separate services.

Background

Founded in December 2017 by the ViaBTC mining pool, CoinEx ranked 33rd on CoinMarketCap with a 24‑hour trading volume of about $58 million at the time of the announcement. The closure follows a broader trend of exchange shutdowns in 2026, including BitMart, BitMEX and AscendEX.