CoinEx Exchange Winds Down, Cites Downturn And Compliance Costs
CoinEx sets a final withdrawal deadline of 02:00 UTC December 22, 2026, after reporting reserves above 100% of user assets.
- CoinEx, a global cryptocurrency exchange, announced September 15, 2026 it is shutting down all trading operations, withdrawals open through December 22, 2026.
- "CoinEx maintains an asset reserve ratio of over 100%. All user assets are fully backed and available to withdraw."
- Cites a prolonged downturn, shrinking trading volume and liquidity, and rising compliance costs across major jurisdictions.
Why it matters: Compliance costs need not ban a business; making it not worth staying open works just as well.