Crypto Exchange

Gemini

2026-09-21 05:10:34

Gemini exchange revenue fell 38% in Q2, while total company revenue rose 37%

Gemini reported a sharp drop in exchange revenue for the second quarter of 2026, even as total company revenue moved higher. In its 10-Q filing with the U.S. Securities and Exchange Commission, the crypto exchange said exchange revenue came in at $12.497 million, down from $20.233 million a year earlier, a decline of about 38%. Total revenue for the quarter reached $45.475 million, up from $33.289 million in the same period last year, an increase of roughly 37%, indicating that business lines outside the core exchange operation offset the weakness in trading-related income. Net loss narrowed to $107.724 million from $133.212 million a year earlier. CoinDesk separately reported that Gemini’s spot trading volume fell 66% year over year to $3.8 billion, while assets on the platform dropped to $8.4 billion from $18.2 billion. The report also noted that takeover speculation currently rests on a public suggestion from ARK Invest’s Lorenzo Valente, with no sign that Hyperliquid is pursuing a deal and Gemini declining to comment.

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Argentina

2026-09-19 03:02:46

Argentine crypto exchange Lemon to exit Brazil over capital rules

Argentine crypto exchange Lemon said it will shut down its local operations in Brazil, citing regulatory capital requirements it considers too high for the size of its business in the country. The company said Lemon Card services in Brazil will end on Sept. 30, and all Brazilian accounts will be automatically closed on Oct. 16. According to Lemon, applying for the crypto business license required by Brazil’s central bank would mean locking up a large amount of capital. The exchange said that burden is disproportionate to the scale of its local operations, leading it to leave the market. The move lays out a clear wind-down timeline for users in Brazil and ties the decision directly to licensing conditions set by regulators.

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Binance

2026-09-15 08:35:31

Binance to roll out Binance Points long-term rewards program on Sept. 15, 2026

Binance said it will launch Binance Points, a long-term rewards program, starting at 00:00 UTC on Sept. 15, 2026. Eligible users will be able to earn points through daily trading activity and other related tasks. Tasks can be viewed in the personal center of the Binance app or through Rewards Hub, though the feature will be introduced in phases and account displays may show brief delays. After completing tasks, users must go to Rewards Hub to claim their points. Current task categories include spot trading, futures, Convert, P2P / fiat deposits, bStocks and posting on Square. Binance said more task types, including payments, Dual Investment and Academy, will be added later. Users who complete eligible daily tasks on five or more days within a week can unlock an extra five-day weekly reward. Claimed points can be redeemed for trading fee rebates, futures trial positions, earn trial funds, VIP upgrades and merchandise, with reward tiers and availability varying by region. Binance also said the points have no intrinsic monetary value, are not financial instruments or tradable assets, cannot be transferred between users, and remain subject to regional restrictions.

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Binance

2026-09-15 08:34:00

Binance rolls out points rewards program tied to trading and platform tasks

Binance has launched Binance Points, a long-term rewards program designed to reward users for everyday activity on the platform. According to an official announcement cited by PANews, eligible users can start earning rewards from each transaction beginning at 08:00 on Sept. 15, 2026, Beijing time. The rollout is being introduced gradually, and Binance said some users may see short display delays while the feature is opened in phases. The tasks currently included in the program cover spot trading, futures trading, Convert, C2C/fiat deposits, bStock, and posting on Binance Square. Binance also said more tasks are planned, including payments, Dual Investment, and Binance Academy. Points must be claimed within 14 days after distribution or they will expire automatically. Task cycles reset on a daily, weekly, or monthly basis depending on the task type. Users can redeem points for trading fee rebate vouchers, futures position vouchers, Simple Earn trial funds, VIP upgrade vouchers, and branded merchandise.

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Changpeng Zha

2026-09-15 05:34:52

CZ says CoinEx shutdown still lets users withdraw, unlike QuadrigaCX-style fallout

Changpeng Zhao commented on CoinEx’s shutdown notice by saying that, in this bear market, several platforms that have recently closed at least allowed users to withdraw their assets. He contrasted that outcome with what he called a "QuadrigaCX-style" ending from an earlier cycle. According to Foresight News, QuadrigaCX, a Canadian crypto exchange, halted operations in 2019 and became a negative industry case after failing to repay customer funds. About 76,000 customers were owed roughly C$215 million in assets. The bankruptcy trustee later recovered about C$46 million, leaving customers with aggregate losses of at least C$169 million. Zhao’s remark focused on the difference in how user asset withdrawals were handled, rather than adding any new details about CoinEx beyond the shutdown-related notice he reposted.

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CoinEx

2026-09-15 04:19:16

CoinEx to wind down exchange operations, with withdrawals open until Dec. 22

Crypto exchange CoinEx said it will shut down its exchange business after citing a prolonged market slump, weaker trading volumes and liquidity, and higher regulatory and compliance costs. The company said those pressures had moved beyond what it described as "reasonable boundaries." The wind-down will happen in stages: non-spot services and most onchain deposits will stop from Sept. 22, spot trading will end from Sept. 29, and the withdrawal window will close on Dec. 22. Any USDT left unwithdrawn after that date will be moved to an independent custodian and incur a monthly custody fee. CoinEx also said it will stop new user registrations, referral commissions and other rewards, while futures contracts will shift to reduce-only mode. The firm plans to buy back CET at its initial listing price of 0.005 USDT per token. CoinEx Wallet and CoinEx Vault will keep operating because they are separate from the exchange. CoinEx was launched by ViaBTC in December 2017 and is ranked 33rd by 24-hour trading volume on CoinMarketCap, at $58 million.

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CoinEx

2026-09-15 03:11:34

CoinEx founder says he weighed a sale but chose an orderly shutdown instead

CoinEx founder Yang Haipo said on X that the exchange is proceeding with a shutdown and orderly user offboarding, while maintaining that customer withdrawals remain available. According to Yang, CoinEx currently has a reserve ratio above 100%, and user assets are fully backed. Explaining the decision, Yang said CoinEx has been operating for nine years but did not ultimately become a leading exchange in the industry. He also said that the security and compliance risks tied to running a crypto trading platform have become increasingly difficult to control. In his words, declining revenue can be tolerated, but responsibility does not shrink with it, making the risk-return balance no longer rational. Yang also disclosed that he seriously considered selling CoinEx before deciding against it. He said users entrusted assets to the platform based on confidence in CoinEx and, in many cases, in him personally, and that handing both the platform and that trust to a new owner was not the right way to conclude the journey. He added that CoinEx will ensure users can withdraw their assets in full and will buy back CET at its initial listing price of 0.005 USDT per CET without limit.

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CoinEx

2026-09-15 03:21:10

CoinEx to Shut Down on Dec. 22, 2026, Founder Haipo Yang Says

CoinEx founder Haipo Yang said the exchange, which officially launched on Dec. 22, 2017, will formally shut down on Dec. 22, 2026. In his explanation, Yang said nine years is a long time in the crypto industry and that CoinEx had gone through multiple bull and bear cycles with its users, witnessed the rise and fall of many projects, and seen many peers leave the market in different ways. He said he had come to accept that CoinEx did not become a leading exchange in the industry, while the security and compliance risks involved in operating a crypto exchange have become increasingly difficult to control. Yang added that revenue can fall, but responsibility does not, and taking on unlimited risk under limited income is no longer a rational choice. He also said CoinEx would repurchase CET at its initial listing price of 0.005 USDT per token with no cap, ensure users can fully withdraw their assets, provide employees with a proper farewell, and offer CET holders a clear and responsible plan.

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