CoinEx closes its doors after nearly nine years

Crypto exchange CoinEx is closing its doors after nearly nine years. The company, founded in December 2017, points to a prolonged downturn in the crypto market, falling trading volumes, lower liquidity and sharply increased costs for regulation and compliance in several major countries. The closure is being carried out in phases and is expected to be completed by the end of December 2026.

In brief:

• CoinEx is stopping after nearly nine years, citing market conditions and compliance costs as the main reasons.
• New registrations and futures trading will be restricted from 15 September; all trading stops on 29 September.
• Withdrawals and the platform will close permanently on 22 December 2026.

Phased wind-down of all services

CoinEx is following a strict schedule for the shutdown. From 15 September, new registrations will no longer be possible and futures trading will move to a mode in which only existing positions can be closed. On 22 September, futures, staking, loans and other services outside spot trading will also end.

Spot trading itself will stop on 29 September. Users will then have until 22 December to withdraw their assets, after which the platform will close completely.

Market pressure and regulation too heavy

In an official message to users, CoinEx writes that the decision follows careful consideration. The combination of a prolonged downturn in the crypto market, shrinking trading volumes and increasingly strict regulation in major jurisdictions has pushed operational and compliance costs to a level the company no longer considers sustainable.

CoinEx is therefore one of the larger exchanges unable to keep its head above water in a period in which Bitcoin has not reached a new all-time high for quite some time and overall market activity is under pressure. The growing regulatory pressure, which is also fuelling debate elsewhere in the sector, plays a clear role in this.