CoinEx Shuts Down After 9 Years as Liquidity Dries Up and Costs Mount

TheNewsCrypto2026-09-15 tarihinde yayınlandı2026-09-15 tarihinde güncellendi

Özet

CoinEx, founded in 2017, will formally shut down on December 22, 2026, after nine years of operation. Founder Haipo Yang cited a prolonged market downturn, significant drops in trading volume and liquidity, and rising compliance costs as reasons for the orderly wind-down. User assets remain safe and fully backed, with a reserve ratio above 100%. Withdrawals are open immediately, with a final deadline of December 22, 2026. A structured timeline begins September 15, phasing out services like futures and new registrations. Spot trading ends September 29, after which remaining non-USDT assets will be converted to USDT. Unclaimed USDT after the final deadline will be held in custody until August 22, 2028. The platform will buy back its CET token at its original listing price of 0.005 USDT per token. Yang stated a sale of the exchange was considered but rejected, as he felt a responsible, clean exit was preferable to transferring user trust. He acknowledged CoinEx is not closing as an industry leader but aims to conclude its operations with dignity.

CoinEx is closing its doors, and its founder Haipo Yang announced that the exchange will begin an orderly wind-down, with the platform formally shutting down on December 22, 2026. It is exactly nine years to the day after it launched in 2017.

A prolonged crypto market downturn, significant contraction in trading volume and liquidity, and continuously rising compliance costs across major jurisdictions have pushed operational risk beyond what Yang considers acceptable.

User Assets Are Safe, and the Timeline Is Clear

CoinEx maintains a reserve ratio above 100%. In addition, every user asset is fully backed and available for withdrawal starting today. Withdrawals remain open until December 22, 2026, giving users over three months to move their funds.

The wind-down follows a structured timeline. From September 15, futures markets enter reduce-only mode, new registrations stop, and referral rewards cease. From September 22, all non-spot services end; futures, staking, lending, margin trading, on-chain services, and strategic trading all close.

Moreover, from September 29, spot trading ends and non-USDT assets begin to be processed. December 22 is the final withdrawal deadline.

Users who want to withdraw assets in their original form must act before September 29. After that date, the platform will sell remaining non-USDT assets and convert them to USDT at market rates. Any USDT left unclaimed after December 22 moves into independent custody, with a claim deadline of August 22, 2028.

On CET, and Why Yang Chose Not to Sell

Every CET holder will be bought out at the token’s original listing price of 0.005 USDT per token, with no cap on quantity. Yang acknowledged directly that CET did not deliver the long-term value it once promised, and described the buyback as the least CoinEx could do to close that chapter responsibly.

He also addressed the question of a sale. He considered it seriously and decided against it. Users trusted CoinEx because they trusted the platform and, in many cases, trusted him personally. Handing that trust to a new owner did not feel like the right ending, and a clean exit did.

On the other hand, CoinEx have been through multiple bull and bear cycles, watched countless projects collapse, and seen many peers leave the market without dignity. It is not leaving as one of the industry’s leaders, Yang admitted that plainly.

Crypto Market Highlights

14% Gain for Raydium (RAY): Bulls Are Now Eyeing the $2 Resistance

TagsCoinExCryptomarketliquidityUSDT

İlgili Sorular

QWhy is CoinEx shutting down after 9 years of operation?

ACoinEx is shutting down due to a prolonged crypto market downturn, a significant contraction in trading volume and liquidity, and continuously rising compliance costs across major jurisdictions, which pushed operational risk beyond what founder Haipo Yang considered acceptable.

QWhat is the final deadline for users to withdraw their assets from CoinEx?

AThe final withdrawal deadline for users is December 22, 2026. After this date, any remaining USDT will be moved into independent custody, with a final claim deadline of August 22, 2028.

QHow will CoinEx handle its native token, CET, during the wind-down?

ACoinEx will buy back all CET tokens from holders at the token's original listing price of 0.005 USDT per token, with no cap on the quantity. This is described as a responsible way to close that chapter.

QWhat happens to non-USDT assets held on CoinEx after spot trading ends on September 29, 2026?

AAfter September 29, 2026, the platform will sell any remaining non-USDT assets at market rates and convert them into USDT for users to withdraw.

QWhat reason did founder Haipo Yang give for choosing to shut down CoinEx rather than sell the company?

AHaipo Yang stated that users trusted CoinEx based on their trust in the platform and often in him personally. He felt that handing that trust over to a new owner was not the right ending, preferring a clean and responsible exit for the company.

İlgili Okumalar

Claude Code Desktop Version Drastically Upgraded: One Person Commands an AI Army to Speed-Code

Anthropic's Claude Code Desktop receives a major "v2-like" overhaul, transforming it into a multi-agent collaboration workspace. Its standout feature is automated nested sessions: users can define multiple coding tasks in a main chat, and Claude automatically spawns parallel sub-sessions to execute them concurrently. Each sub-session works independently, preventing intermediate logs and errors from cluttering the main thread. Upon completion, results are neatly summarized back to the primary session. Other key enhancements include a redesigned session sidebar for monitoring agent status, one-click environment reuse for complex project setups, and Git Worktree isolation to prevent code conflicts during parallel work. A new `/btw` command allows users to ask contextual side questions in a separate tab without interrupting the main workflow. Claude Code also proactively recommends follow-up tasks and features "idle compaction" to optimize token usage. This update marks a shift from AI as a single coding assistant to a platform for managing a coordinated "AI engineering corps," where developers oversee multiple parallel agents, streamlining complex project development.

marsbit5 dk önce

Claude Code Desktop Version Drastically Upgraded: One Person Commands an AI Army to Speed-Code

marsbit5 dk önce

France Plans to Impose 31.4% Tax on 'Crypto to EU-Compliant Stablecoin' Trades, Chainalysis Warns It Could Drive Traders Offshore

France is proposing to extend its 31.4% capital gains tax to cover the exchange of crypto assets, like Bitcoin, for EU-regulated stablecoins (EMTs under MiCA). This proposed change, part of the 2027 budget debate, would create a taxable event for such conversions, which are currently non-taxable under French law. Chainalysis warns this could push traders towards unregulated, offshore stablecoins, undermining efforts to bring crypto activity into the regulated financial system. Other related proposals include mandatory reporting for self-custodied wallets holding over €100,000, extending an exit tax to large crypto holdings, and allowing crypto losses to be carried forward for up to 10 years. These amendments must still be approved by the full National Assembly. Meanwhile, Greece is moving in the opposite direction, proposing a much lower 10% capital gains tax on crypto assets.

marsbit21 dk önce

France Plans to Impose 31.4% Tax on 'Crypto to EU-Compliant Stablecoin' Trades, Chainalysis Warns It Could Drive Traders Offshore

marsbit21 dk önce

Galaxy Report: The Next Stop for Prediction Markets Is Conditional Markets, 22 DAOs Have Handed Over $50.5 Million to Markets for Governance

Galaxy Research explores the evolution of predictive markets toward "conditional markets," which extend beyond betting on event probabilities to trading the financial impact of those events. These include decision markets (binding governance) and impact markets (hedging event-driven price effects). Currently, 22 DAOs manage $50.5 million via decision markets, primarily through Solana’s MetaDAO, with new competition from EVM-based Umia introducing multi-outcome markets. Impact market projects like Proof, If Market, and Lightcone are in advanced testing, aiming for mainnet launches, while infrastructure layers such as Branchmap’s semantic namespace seek to unify event definitions across protocols. The report notes growing demand for tailored, event-driven hedging beyond linear perpetual contracts, evidenced by rising on-chain options volume and bespoke risk transfers (e.g., Castle Tech’s livestock legislation hedge). Though early-stage, these markets represent a shift toward organizing financial exposure around specific real-world states rather than existing instruments.

marsbit29 dk önce

Galaxy Report: The Next Stop for Prediction Markets Is Conditional Markets, 22 DAOs Have Handed Over $50.5 Million to Markets for Governance

marsbit29 dk önce

Podcast Notes｜A Conversation with Justin Sun: Ultimate Loneliness, Also a Form of Freedom

Podcast Notes: A Conversation with Justin Sun - Extreme Loneliness is Also a Form of Freedom Guest: Justin Sun, founder of TRON. Host: Bonnie Blockchain. Podcast Source: YouTube, aired October 14, 2026. Key Summary: Sun warns that the "Quantum Threat Day (Q-Day)" is severely underestimated by Wall Street. A quantum computer or advanced AI could potentially breach the early public keys of Satoshi Nakamoto, threatening approximately 1 million Bitcoin and causing catastrophic impact. TRON is already deploying NIST post-quantum cryptography standards on its testnet. TRON's dominance is reinforced by over $94 billion in USDT circulation (more than half the market), over 400 million real users, and ~500,000 new daily users, creating a network effect "moat" akin to Facebook. It plans to launch tokenized U.S. stocks (like QQQ and S&P 500) in Q4. Sun established a million-dollar "Justin Sun Prize," modeled on bug bounties, to accelerate academic awards in the AI era. It rewards formal proofs of mathematical breakthroughs using systems like Lean, regardless of whether the solver is human or AI. OpenAI has already won one award. Reflecting on investing in the Trump-family project World Liberty Financial (WLFI), Sun states it was a decision made out of necessity ("helpless") with insufficient prior commitments. Sun's childhood, marked by being sent to a Go boarding school in Wuhan at age nine and his parents' subsequent divorce, shaped his worldview that "extreme loneliness is also a form of freedom." This early independence gave him the courage for extraordinary ventures like signing for a moon mission. His high-profile actions—spending $6.2 million on a banana, auctioning a lunch with Warren Buffett, meeting Elon Musk, signing up for space travel—are not marketing stunts but "priceless, ultimate life experiences" he actively seeks.

marsbit30 dk önce

Podcast Notes｜A Conversation with Justin Sun: Ultimate Loneliness, Also a Form of Freedom

marsbit30 dk önce

U.S. September CPI Surges: BTC Tests $80,000, U.S. Semiconductor Stocks Plunge

U.S. September CPI data surpassed expectations, fueling concerns about renewed Fed tightening and triggering a broad sell-off in risk assets. The headline CPI rose 3.7% year-over-year, exceeding forecasts, while core CPI increased 2.6%. Following the data release, U.S. Treasury yields climbed and the dollar strengthened. Major U.S. stock indices fell, led by declines in tech, semiconductor, and memory sectors. Bitcoin briefly dipped below $82,000. Market expectations for further Fed rate hikes increased, with some pricing in additional hikes by late 2027. However, traders largely expect the Fed to hold rates in October, with a probability of 77% for no change. Analysts note the inflation surge was partly driven by volatile energy prices, particularly a 9.1% monthly jump in gasoline. A softening labor market also gives the Fed room for caution. Beyond energy, price pressures were broad-based, with notable increases in software, toys, shelter, and airfare. Analysts warn the path back to price stability appears increasingly challenging. Politically, the inflation resurgence poses a potential risk for former President Trump and the Republican Party ahead of the midterm elections, with polls showing many Americans blame his policies for high prices. Rising costs at the pump and for essentials could translate into voter discontent.

marsbit55 dk önce

U.S. September CPI Surges: BTC Tests $80,000, U.S. Semiconductor Stocks Plunge

marsbit55 dk önce

İşlemler

Spot
活动图片