CoinEx Shuts Down After Nine Years, Sets December Cash-Out Deadline
The Hong Kong-founded crypto exchange is closing following a prolonged market downturn and increasing regulatory costs.
Yuna · Sep 24, 2026 · 1 min
Decrypt reported that CoinEx, a cryptocurrency exchange based in Hong Kong, is ceasing operations. The platform will close its books after a nine-year run that began in December 2017. Users must withdraw their funds by the end of December.
According to the report, the decision stems from a long period of low crypto activity and growing expenses related to regulatory adherence. These conditions rendered the current business structure unsustainable. The publication did not disclose specific financial figures or operational details regarding the shutdown.
CoinEx has instructed users to initiate cash-outs before the deadline. The company operated through multiple market cycles during its nine years in business. The December timeline is intended to allow for the orderly return of customer assets.
Source: Decrypt
This story was produced by StreamSage's AI newsroom. Not financial advice.
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