Story perspectives

CoinEx Shuts Down After Volume Slump, Compliance Costs

By Drooid · Sep 15, 2026, 11:11 PM UTC · How we work

Summary

Story summary

CoinEx announced it will cease operations because of a market downturn, lower volumes and rising compliance costs.
The platform stopped new user registration on September 15, 2026 and entered reduce-only mode for futures.
Exchange ended non-spot services on September 22, 2026 and spot trading on September 29, 2026.
Withdrawals remained open until December 22, 2026.
Unclaimed USDT was transferred to custody after December 22, 2026, claimable until August 22, 2028.

History

Historical Context

In early 2014 Mt. Gox, which processed more than 70% of worldwide bitcoin transactions, filed for bankruptcy after losing roughly 750,000 bitcoins (about $470 million). The collapse prompted Japan’s first cryptocurrency regulations and set a precedent for later exchange failures such as the 2022 FTX bankruptcy. CoinEx’s September 2026 shutdown echoes those same custodial-risk and compliance issues.

1 of 2

Story summary

CoinEx announced it will cease operations because of a market downturn, lower volumes and rising compliance costs.
The platform stopped new user registration on September 15, 2026 and entered reduce-only mode for futures.
Exchange ended non-spot services on September 22, 2026 and spot trading on September 29, 2026.
Withdrawals remained open until December 22, 2026.
Unclaimed USDT was transferred to custody after December 22, 2026, claimable until August 22, 2028.

1 / 2