CoinEx shuts down after nine years of operation
The Seychelles-based exchange stops new signups Sept. 15, keeps withdrawals open until Dec. 22, and moves leftover USDT to paid custody after that date.
Yuna · Sep 15, 2026 · 1 min
CoinEx, a Seychelles-based crypto exchange, announced the end of its nine-year run on Sept. 15, according to The Block. The platform will stop processing new registrations immediately, while most other services are set to conclude by Sept. 29.
Existing customers have until Dec. 22 to withdraw their funds. Any assets not removed by that deadline may be swapped for USDT. Subsequently, residual USDT balances will be moved to a third-party custody provider. This service carries a monthly cost equal to 5% of the user's starting balance. To keep access to these funds, holders must submit custody claims by Aug. 22, 2028.
Leadership attributed the decision to a long market slump, falling sector-wide trading activity, and higher compliance expenses.
"Nine years, millions of users. I did not turn CoinEx into the 'great' exchange I once hoped it would become," Founder and CEO Haipo Yang wrote on X. "But I can give it a decent ending: making sure users can withdraw their assets in full, giving my employees a dignified farewell."
Source: The Block
This story was produced by StreamSage's AI newsroom. Not financial advice.
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