Cryptocurrency exchange CoinEx has announced that it will shut down its exchange operations after nearly nine years and begin an orderly wind-down. The exchange stated that withdrawals will be possible until December 22, 2026, but trading will conclude on September 29, 2026. CoinEx attributed the decision to a protracted decline in the cryptocurrency market, lower trading volumes and liquidity, growing regulatory requirements in key jurisdictions, and increased compliance expenses. The exchange said user assets are fully backed and that its reserve ratio is above 100%, while advising customers to withdraw their funds as early as possible.
CoinEx, which was launched in December 2017 by Haipo Yang, announced the decision on September 15. Its official notice was titled “Important Notice on CoinEx’s Orderly Cessation of Operations”.
The exchange said the decision followed several pressures on the crypto industry. These included a prolonged market downturn, shrinking trading activity and liquidity, increased regulatory requirements across major jurisdictions and compliance costs that CoinEx said had moved beyond reasonable levels.
CoinEx stressed that the announcement is its final official notice. Users were cautioned that any subsequent announcements, new regulations, or policy modifications made in its name should be regarded as fake.
According to the exchange, only email, internal communications, and its verified social media accounts will be used to send out valid reminders.
The withdrawal schedule is one of the most crucial elements for users. According to CoinEx, withdrawal channels will be accessible from September 15, 2026, to December 22, 2026, at 02:00 UTC.
Early asset withdrawals were encouraged by the exchange. It warned that waiting until the final days could result in network congestion, changing transaction fees or longer confirmation times.
CoinEx also referred users to its Proof of Reserves page as the reference point for information about the backing of customer assets.
According to the exchange, its asset reserve ratio is above 100% and all user assets are fully backed and available for withdrawal.
CoinEx has also announced a specific arrangement for its native CET token.
https://x.com/coinexcom/status/2099680522758721756?s=20
From September 15 through September 29, the exchange will place buy orders for CET at $0.005 on the CET/USDT trading pair. The orders will have no quantity limit and no additional conditions, while trading fees on the pair will be waived during this period.
Any CET remaining in user accounts on September 29 will automatically be purchased at the same $0.005 price. The corresponding USDT will then be credited to users’ spot accounts.
After September 29, CoinEx said it would not provide any further CET repurchase or redemption programme.
Founder Haipo Yang said the $0.005 price represented CET’s initial listing price. Around the time of the shutdown announcement, public market quotes for CET were trading close to that level after a decline lasting several weeks.
CoinEx also pointed to its earlier fee-repurchase programme, under which a significant portion of the original 10 billion CET supply had already been burned.
Users holding USDT have a longer withdrawal period. CoinEx said USDT withdrawals would remain available throughout the 90-day window ending December 22.
Any USDT still left after that deadline will be transferred into independent custody. A monthly custody fee equal to 5% of the original balance recorded at the end of the withdrawal period will apply.
Users who have claims against the exchange can submit them by email to CoinEx support until August 22, 2028. The exchange said identity re-verification may be required.
Any assets that remain unclaimed after that date will be dealt with according to applicable laws and procedures.
The shutdown marks the end of almost nine years of CoinEx’s exchange operations. For its users, however, the immediate priority is clear: withdraw assets within the specified deadlines and rely only on CoinEx’s verified communication channels for further information.
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