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.
