CoinEx has announced it is ceasing operations and launching an orderly liquidation process. According to an official statement on the company's website, published on September 15, the decision comes amid a prolonged downturn in the crypto market and shrinking industry-wide liquidity. The exchange also cited tightening regulatory requirements in key jurisdictions and rising compliance costs as additional reasons behind the move.
CoinEx said its asset reserve ratio exceeds 100% — meaning user funds are fully backed and available for withdrawal at any time.
The withdrawal period will close on December 22, 2026, at which point the platform will fully halt operations — exactly nine years after it launched on December 22, 2017. The CoinEx team urged users to withdraw all their assets before that date.
Founder's Statement
CoinEx founder Haipo Yang posted a message to the community on his X account. He confirmed the decision to close the exchange and assured users that their assets remain protected: reserves exceed 100%, and all withdrawal requests submitted between September 15 and December 22, 2026 will be fulfilled.
Yang linked the closure to a widening gap between the exchange's revenue and the risks tied to running it.
“Revenue can shrink, but liability does not. It no longer makes sense to carry unlimited risk for limited returns,” he wrote.
He acknowledged that CoinEx never became one of the industry's leading exchanges, but called nine years of operation without collapsing an achievement in itself.
“CoinEx survived nine years in one of the most volatile and unforgiving industries, weathered every storm, and is leaving the market intact and with dignity. We didn't win the race, but we're finishing it honestly,” Yang emphasized.
He promised CET token holders that he would buy back all their coins at the original listing price — $0.005 per token — with no volume limit, apologizing for not having been able to build lasting value for CET.
Yang also said he had considered selling the exchange but chose not to: users had placed their trust in CoinEx through him personally, and handing that trust over to a new owner wouldn't have been the right way to end things.
Read also: