After operating for 9 years, Coinex Exchange has announced that they are closing down for good. Remove all your funds ASAP to avoid any issues. Deadline is December.
Link to X post: https://x.com/coinexcom/status/2099680522758721756
After prudent evaluation, and in light of the prolonged downturn in the cryptocurrency market, the significant contraction in overall industry trading volume and liquidity, and the continuously rising regulatory requirements across major jurisdictions, as well as compliance costs and operational uncertainties that have exceeded reasonable boundaries, CoinEx has decided to cease operations and enter into an orderly cessation process. Starting from September 15, 2026, the platform will gradually cease services according to the schedule.
CoinEx maintains an asset reserve ratio of over 100%. All user assets are fully backed and available for withdrawal in full. Withdrawal channels will remain open until December 22, 2026 (UTC+8).
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