CoinScoopCoinEx to Cease Operations on December 22, 2026
Cryptocurrency exchange CoinEx has announced it will shut down on December 22, 2026, exactly nine years after its launch. Founder and CEO Haipo Yang stated that the decision was driven by market downturns, declining trading volumes, and rising regulatory costs. The exchange guarantees that all user assets are fully backed and available for withdrawal until the deadline. CET tokens will be repurchased at 0.005 USDT. After the withdrawal deadline, a 5% monthly custody fee will be applied until August 22, 2028.
Summaries are written by AI from the original article. Not investment advice.