Changpeng Zhao, widely known as CZ, commented on CoinEx’s orderly shutdown on Sept. 15, saying that at least in several recent cases of centralized exchanges winding down during this crypto winter, users have still been able to withdraw their assets. He contrasted that with the “QuadrigaCX-style” situations seen in an earlier cycle.
CoinEx, a centralized crypto exchange, announced its shutdown the same day after nine years of operation. According to the information provided, the platform will keep its withdrawal window open until Dec. 22.
The remarks focus on the way recent exchange closures have unfolded rather than on any broader market outlook. CZ’s comparison highlighted a difference between current cases, where user withdrawals remain available, and past episodes in which access to assets became a key concern.
On Sept. 15, Changpeng Zhao, or CZ, commented on the orderly shutdown of centralized crypto exchange CoinEx, saying that at least in several recent cases of CEXs gradually closing during this crypto winter, users have still been able to withdraw their assets. He said this stood in sharp contrast to the “QuadrigaCX-style” cases seen in a previous cycle.
CoinEx announced its shutdown earlier the same day after nine years of operation. Its withdrawal window will remain open until Dec. 22.
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