Crypto Exchange CoinEx Shuts Down Amid Market Pressure

CoinEx is shutting down its platform after nearly nine years due to difficulties in operating amid a weakened crypto market.

The exchange cited a significant contraction in trading volume and liquidity, as well as rising regulatory requirements and higher compliance costs that it considers unreasonable.

Users can withdraw funds until December 22, 2026, while the wind-down process begins on September 15 of this year. CoinEx's decision highlights pressure facing established exchanges as the crypto industry consolidates and matures.