CoinEx2026-09-15 15:46:41CoinEx to shut exchange business by Dec. 22, 2026, founder says users can withdraw in full and CET will be bought backCrypto exchange CoinEx, which sponsored Taiwan’s Chinese Professional Baseball League All-Star Game in 2024, said it will wind down its exchange business and close the platform on Dec. 22, 2026. Founder Haipo Yang announced the decision in a public letter released on Sept. 15, saying CoinEx had failed to become a leading exchange and that security and compliance risks had become increasingly difficult to manage. According to the company’s shutdown plan, services will be phased out rather than halted all at once. New user registration stops on Sept. 15, non-spot services end on Sept. 22, and spot trading, CoinEx Smart Chain and OneSwap will stop on Sept. 29. Withdrawals will remain available until Dec. 22, 2026. Yang also said CoinEx’s reserve ratio is above 100%, while the report noted that both the reserve claim and the fulfillment commitment are statements from the platform and its founder. CoinEx said it will repurchase CET at 0.005 USDT per token with no quantity cap. The shutdown has also sparked fresh discussion about the cost of compliance for exchanges, with KOL giantcutie666 turning attention to HashKey. Separately, ViaBTC said its mining pool operations remain unaffected but users who send automatic withdrawals to CoinEx will need to reset those addresses before the linked function is removed.740
CZ2026-09-15 05:24:28CZ says recent CEX shutdowns have been more user-friendly, commenting on CoinEx closureChangpeng 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.630
CoinEx2026-09-15 04:19:16CoinEx to wind down exchange operations, with withdrawals open until Dec. 22Crypto 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.890
CoinEx2026-09-15 04:06:18CoinEx to wind down exchange operations, with all non-spot services ending on Sept. 22CoinEx said on Sept. 14 that it will shut down its exchange business and enter an orderly wind-down, citing a prolonged crypto market downturn, a sharp contraction in industry trading volume and liquidity, and rising regulatory, compliance and operating uncertainty in key jurisdictions. The exchange said withdrawals will remain available until 02:00 UTC on Dec. 22, 2026, and stated that its reserve ratio is above 100% with user assets fully backed. The closure will happen in stages. New user registration stops on Sept. 15, while referral commissions, campaign rewards and new subscriptions across fiat, margin, lending, wealth management, staking and strategy products will also end. On Sept. 22, all non-spot services and on-chain deposits will be shut down, except CET deposits, which can continue until Sept. 29. Spot trading will end on Sept. 29, when CoinEx Smart Chain and OneSwap will also cease operations. CoinEx said its native token CET will be repurchased at 0.005 USDT per token. The report also revisits the exchange’s 2023 hack, which CoinEx said caused roughly $70 million in losses, and outlines regulatory pressure tied to a New York settlement, MiCA-driven service withdrawal from the European Economic Area, and allegations involving Iranian-linked flows that the company denied.800
CoinEx2026-09-15 03:11:34CoinEx founder says he weighed a sale but chose an orderly shutdown insteadCoinEx 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.700
CoinEx2026-09-15 02:34:45CoinEx to shut down after nearly nine years, sets Dec. 22 deadline for withdrawalsCrypto exchange CoinEx said it will cease operations and begin an orderly wind-down, citing a prolonged downturn in the crypto market, a sharp contraction in industry-wide trading volume and liquidity, and rising regulatory and compliance costs across major jurisdictions. The platform said it stopped new user registrations on Sept. 15 and switched futures trading to reduce-only mode the same day. It will halt non-spot businesses including futures, wealth management, staking, and lending on Sept. 22, stop all spot trading on Sept. 29, and end withdrawals on Dec. 22, when the platform will formally close. A public letter described CoinEx as a global cryptocurrency exchange founded in December 2017 by Yang Haipo, the founder of the ViaBTC mining pool. The exchange went live on Dec. 22, 2017. CoinEx said it had offered a range of services including spot, futures, margin, and wealth management products, and had also issued its platform token CET.910
CoinEx2026-09-15 02:31:17CoinEx to wind down operations, with full shutdown set for Dec. 22Crypto exchange CoinEx said it will begin an orderly shutdown of its platform, citing a prolonged downturn in the digital asset market, a sharp contraction in industry-wide trading volume and liquidity, and rising regulatory requirements and compliance costs across major jurisdictions. Under the plan, CoinEx will stop accepting new user registrations on Sept. 15 and switch futures trading to reduce-only mode on the same day. The exchange will then halt non-spot products, including futures, wealth management, staking, and lending, on Sept. 22, followed by a suspension of all spot trading on Sept. 29. Withdrawals will end on Dec. 22, when the platform will formally close. CoinEx launched on Dec. 22, 2017, and has operated for nearly nine years.580
Orionx2026-09-07 14:31:31Chile’s Orionx halts withdrawals and begins winding down after audit finds over $7 million moved outChilean crypto exchange Orionx has halted withdrawals and started a gradual shutdown after a forensic audit found that more than $7 million had been moved to wallets outside the company’s control, according to a post by Bitcoin News on X. Orionx has filed a criminal complaint naming founders Joaquín Díaz and Roberto Zibert, and said customer assets were used for external trading between 2018 and 2021. Chile’s Financial Market Commission said the exchange continued operating after its fintech business authorization was denied in July. More than 100,000 users now lack any assurance that their assets will be fully returned.850
