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FollowingCoinEx will be permanently closed on December 22, 2026
CoinEx announced that it will officially cease operations on December 22, 2026, exactly nine years after its establishment. The exchange has been scaling back services since September 15 and is now requiring users to withdraw funds. Spot trading will end on September 29. CoinEx explained that the decision was made due to the long-term downturn in the cryptocurrency market, declining trading volume and liquidity, and increasingly heavy compliance costs.
Key Points
- CoinEx will be permanently closed on December 22, 2026.
- Spot trading will end on September 29.
- The exchange claims that its reserves exceed 100% of its clients 'assets.
- The platform gives users three months to withdraw assets.
Phase-out schedule
New user registration has been stopped immediately. Starting September 15, CoinEx will no longer accept a number of new business operations, including lending, pledge or cryptocurrency margin trading. The process is similar to the steps BitMEX took this summer when it announced its closure after eleven years in operation.
According to the plan:
- September 22: All other services except the cryptocurrency spot market will be stopped. On-chain deposits will also be blocked (except for CET, which is platform native tokens).
- September 29: Spot trading will also stop. CoinEx Smart Chain (CSC) and OneSwap are expected to close on the same day.
- December 22: The withdrawal channel will be cut off and the encryption platform will be officially closed.
届时，用户将有近三个月的时间来提取其资产。CoinEx 于 2017 年 12 月 22 日开业，因此选择此日期标志着其九年的运营历程圆满收官。
关于资产安全与 CET 回购
CoinEx 保证，其储备金覆盖超过客户持有资产的 100%。这一声明源自平台自身，且在关闭期间，提款功能必须保持可用。
此次关闭也引发了对原生代币 CET 的处理问题。平台选择了一种相对直接的解决方案：在 9 月 15 日至 9 月 29 日期间，交易所将以每枚 CET 0.005 USDT 的价格（即其初始上市价格）回购代币，且无交易量限制。在此期限后仍存在于账户中的 CET 将以相同价格自动转换。
创始人阐述退出原因
CoinEx 创始人兼首席执行官杨海坡表示，他曾考虑出售 CoinEx，但最终认为关闭公司比将平台转让给新所有者更为可取。
对于此次退出，CoinEx 列举了多重因素：长期的市场低迷、交易量下滑、流动性减弱，以及多个司法管辖区日益严格的监管要求。合规成本和运营不确定性最终超出了公司可接受的范围。
然而，CoinEx 并非因仅几个月的困难时期而离开。这家加密交易所曾挺过 2018 年的熊市、2022 年的崩盘以及多次高波动时期。它的关闭发生在 2026 年，且并非孤例。
Exchange closures in 2026
BitMEX announced its withdrawal in July this year. A few days later, BitMart also began to gradually shut down its platform. Previously, Bit.com has also launched its own withdrawal process. Today, CoinEx has joined the ranks.
More broadly, according to data reported by RootData in August, more than 100 encryption projects have closed, filed for bankruptcy or ceased operations in 2026. It is not just exchanges that are affected, but also crypto wallets, decentralized finance (DeFi) protocols and blockchain networks.
Clarification on Sanctions Dispute
CoinEx has recently been involved in another case. In June, TRM Labs claimed to identify $3.84 billion in financial flows between the exchange and several sanctioned Iranian entities over seven years. CoinEx denies having a business relationship with the Iranian government or related platforms.
Despite this, the platform did not use this case as a reason for closure. Its official announcement mainly mentions the encryption market environment, transaction volume, liquidity and compliance issues. For customers, the current timetable is more pressing than the reasons for exit: non-spot services will cease on September 22, trading will end on September 29, and the last withdrawal will be on December 22. After that, CoinEx will no longer be available.
