Hong Kong Crypto Exchange CoinEx Halts Operations Amid Market Downturn
Hong Kong-based cryptocurrency exchange CoinEx has announced that it will cease operations due to the prolonged downturn in the market and rising regulatory requirements. In a statement, CoinEx cited these factors as the reasons for its decision.
The exchange claims to have maintained an asset reserve ratio of more than 100% and assured users that all their assets are fully backed and available for withdrawal in full.