CoinEx will shut down on September 15, 2026, initiating a phased liquidation after nearly nine years of operation. The exchange attributes its closure to a prolonged crypto market downturn, declining trade volume and liquidity, and rising regulatory compliance costs. The official announcement stated that continuing operations has become challenging as regulatory requirements have grown, noting that the cost of compliance has exceeded reasonable levels. The shutdown will progress through several stages, closing futures trading first, then all non-spot products, and finally spot trading. Users are required to withdraw their assets by December 22, 2026, to avoid a monthly custody fee. CoinEx has stated its asset reserve ratio exceeds 100%, assuring that all user funds are fully withdrawable during the closure period.
CoinEx will begin a phased shutdown on September 15, 2026, after approximately nine years in business, citing a sustained crypto market downturn, declining trade volume and liquidity, and increasing regulatory compliance costs. The exchange has stated that continuing operations has been challenging as regulatory requirements have grown, and that the cost of compliance is higher than reasonable levels, as mentioned on X.
The shutdown process commences on September 15, suspending new user registration and the referral reward system, while futures trading will switch to reduce-only mode. On September 22, all non-spot products including futures, staking, and lending will be suspended.
CoinEx will close all spot trading on September 29, and will buy back all CET tokens held in user wallets at a fixed price of 0.005 USDT per token. The platform has set December 22, 2026, as the final withdrawal deadline for all remaining assets.
The exchange assures users that its asset reserve ratio exceeds 100%, meaning all funds are fully withdrawable during the closure period. Any USDT not withdrawn by the December 22 deadline will be transferred to a custody system, incurring a monthly fee of 5% of the initial balance.
CoinEx has warned users to beware of fraudulent closure notices, stating that its current announcement is the final official communication and that any future announcements should be considered fraudulent.
