CoinEx Crypto Exchange Is Shutting Down Three Years After Exiting US Market – Here’s the Deadline for Withdrawals
A cryptocurrency exchange is closing its doors after nearly a decade in business. CoinEx, which has its operating headquarters in the Seychelles, says it is entering an orderly wind-down with all user assets fully backed. Withdrawals opened September 15, 2026, and remain available until 02:00 UTC on December 22, 2026. The platform launched December 22, 2017, and will formally cease operations exactly nine years later. Founder and CEO Haipo Yang is stressing user protection in a public statement. “Dear CoinEx Community, Today, I am announcing that CoinEx will cease operations and begin an orderly wind-down.” He adds that reserves exceed 100% with every asset available for withdrawal. “CoinEx maintains an asset reserve ratio of over 100%. All user assets are fully backed and available to withdraw.” The decision follows market downturns, declining volumes, and rising regulatory costs. Yang considered selling but chose against it for a clean ending...