CoinEx to Begin Shutting Down Its Platform

CoinEx will cease operations and begin an orderly wind-down, founder Haipo Yang announced on X on September 15, 2026, kicking off a CoinEx platform shutdown that pairs a phased service closure with a December withdrawal deadline. TLDR Keypoints Scope: CoinEx is winding down the exchange and gradually ceasing services from September 15, 2026, per the founder's statement and Reuters. Timing: Withdrawals remain open until December 22, 2026, with spot, futures and chain services phased out through late September. Users: Yang says the reserve ratio exceeds 100% and assets are withdrawable; a CET repurchase is reported, though full issuer terms were not accessible. What the CoinEx platform shutdown covers The closure applies to the CoinEx exchange itself. Yang framed it as an "orderly wind-down" rather than an abrupt halt, and Reuters reports CoinEx will gradually cease services from September 15, 2026, while keeping withdrawals open until December 22, 2026. For related coverage, see Grove Basin: Instant Stablecoin Liquidity for Tokenized Treasuries. The founder's post is the primary source and doubles as the market-moving event. He states that user assets are fully backed and available, a claim that reflects his own assertion rather than an independently audited solvency check. For related coverage, see DeFi Bridge Hacker Turns $0.25 Into 46 Billion Fake BTC Tokens. Dear CoinEx Community, Today, I am announcing that CoinEx will cease operations and begin an orderly wind-down. First, what matters most: your assets are safe. CoinEx’s reserve ratio exceeds 100%, and every user asset is fully backed and available for withdrawal. Withdrawals… — Haipo Yang (@yhaiyang) September 15, 2026Source: @yhaiyang on X Platform and users affected This is an exchange-wide wind-down of a platform Reuters says launched in 2017, not a single regional or product-specific closure. CoinEx has previously drawn scrutiny over its role as a gateway for Iran's crypto economy, though the company denies commercial ties to Iranian government-linked entities. Shutdown timeline and service changes Coinpedia reports new registrations and referral rewards end September 15, 2026, with futures switching to Reduce-Only mode. Margin, Crypto Loans, Staking, Earn and Futures close September 22, and all spot pairs, CoinEx Smart Chain and OneSwap close September 29, 2026. What the shutdown means for CoinEx users Trading, deposits and account access Per Coinpedia, most on-chain deposit addresses are being disabled, with CET deposits the exception. The staggered cutoffs mean trading access narrows first through Reduce-Only futures, then closes across margin and spot products before month-end. Reuters cites prolonged weak crypto markets, shrinking trading volumes and liquidity, and rising security and compliance costs as the stated reasons. It attributes average daily bitcoin spot volume of about $2.2 billion in July and roughly $1.8 billion in August to ChainUp Investment, approximate secondary figures.