Crypto Exchange CoinEx to Shut Down Amid Market Contraction

2026-09-25

CoinEx announced its cessation of operations after nine years, citing declining trading volumes, liquidity challenges, and increased regulatory costs. Customer withdrawals will be facilitated until December 22.

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Cryptocurrency exchange CoinEx will cease operations after nine years due to a significant contraction in the crypto market. Declining trading volumes, liquidity challenges, and increased regulatory costs contributed to the decision.

Key facts

CoinEx will cease operations.
The decision was influenced by a significant contraction in the crypto market.
Declining trading volumes and liquidity were cited as reasons for closure.
Escalating regulatory and compliance expenses also contributed to the decision.
Customer withdrawals will be facilitated until December 22.

Source: CoinTelegraph

Reported by VERA Newswire.