Binance CEO CZ: Orderly Shutdowns a Sign of Crypto Industry Maturity

CoinEx, a cryptocurrency exchange, has announced its shutdown and is winding down operations. The move has sparked discussion among industry experts about what constitutes success in the crypto space.

In an interview, CZ, CEO of Binance, commented on CoinEx's decision to shut down, stating that 'the death of a crypto exchange is now a sign of industry maturity.' He added that unlike the QuadrigaCX era where funds vanished, an orderly shutdown with full withdrawals is being hailed as progress.

The shutdown has raised questions about whether a business failing is truly a win if it doesn't steal its customers' funds. Some experts argue that this represents a more responsible approach to shutting down a struggling exchange.