CoinEx exchange shutdown: 100% reserves guarantee full user withdrawals
Covered by 2 sources · 2 articles
CoinEx, a Seychelles-based cryptocurrency exchange that operated for nearly nine years, announced a full operational shutdown over a three-month period. The exchange cited declining trading volumes and escalating compliance expenses as the primary drivers behind the decision. The platform is offering users a complete withdrawal window through December 22, guaranteeing 100% recovery of customer funds, and will repurchase all outstanding CET tokens held by users during the wind-down.
- CoinEx is liquidating entirely due to insufficient trading activity and mounting regulatory costs, rather than a solvency crisis.
- Users retain full access to withdraw funds until the December 22 deadline with no losses, including buyback provisions for CET holdings.
- The closure represents a notable exit from an increasingly consolidated and compliance-heavy exchange landscape.
All coverage
CoinEx announces 3-month shutdown, promises 100% user fund withdrawals
🚨 CoinEx announces 3-month shutdown, users can withdraw 100% of their funds. 🗓️ All $CET positions will be repurchased and withdrawals are open until December 22. ⚠️ CoinEx cites low trading volumes and rising compliance costs as reasons…
CoinEx exchange shutdown: 100% reserves guarantee full user withdrawals
Nearly nine years after it first opened its doors, CoinEx is closing shop. The Seychelles-based crypto exchange confirmed this week that it will wind down operations entirely, marking one of the more notable CoinEx exchange shutdown announc…