CoinScoopCoinEx to shut down operations after nine years
CoinEx announced it will cease operations due to declining market liquidity, rising compliance costs, and regulatory challenges. New user registrations ended on September 15, with spot trading scheduled to stop on September 29 and final closure set for December 22, 2026. Users are advised to withdraw assets, as remaining balances will be converted to USDT and moved to independent custody with monthly fees. Founder Haipo Yang cited security and compliance risks as primary reasons for the closure, noting that ViaBTC will continue operations but will discontinue direct mining reward transfers to CoinEx.
Summaries are written by AI from the original article. Not investment advice.