CoinEx Shuts Down Amid Industry-Wide Pressure and Regulatory Costs

CoinEx's shutdown notice stands out from the usual legal language used by exchanges facing lawsuits. The technical withdrawal schedule includes a personal letter from its CEO, admitting that CoinEx never became one of the industry's leading exchanges.

The company cited market downturn, shrinking liquidity, and rising regulatory costs as reasons for shutting down. Unlike other exchanges, CoinEx did not try to spin its nine years in operation into a victory lap. Instead, it named the hard truth and gave users a specific and lengthy runway to withdraw their funds.

Users need to know that new registrations stop on September 15, 2026, and spot trading ends completely on September 29. The CET repurchase window closes on September 29, with no cap at 0.005 USDT per token. Withdrawals close entirely on December 22, 2026.

CoinEx published its reserve proof link alongside the shutdown notice, showing a reserve ratio above 100%. This level of transparency is rare in the industry and may become a new template for exchanges leaving the market.