CoinEx shutdown and orderly liquidation process

CoinEx announced it will cease operations and conduct an orderly wind-down, citing a prolonged crypto downturn, shrinking trading volume and liquidity, and compliance costs that became unsustainable. The exchange published a phased shutdown timetable: from September 15, 2026 new registrations and referral rewards stop and futures enter reduce-only; by September 22 all non-spot services halt; by September 29 spot trading, the CoinEx Smart Chain (CSC) and the OneSwap DEX stop. Withdrawals remain open through December 22, 2026, the platform says.

CoinEx states its asset reserve ratio exceeds 100% and that user balances are fully backed. It will repurchase all CoinEx Token (CET) at 0.005 USDT per token with no quantity cap. One report noted CET traded at 0.00466 USDT at the time, about 7% below the repurchase price and roughly 97% below its July 2018 peak. Any USDT left after the December deadline will be moved into independent custody and incur a monthly custody fee equal to 5% of the recorded balance; claims can be filed through August 22, 2028. The wind-down affects infrastructure beyond the exchange: CSC and OneSwap stop while CoinEx Wallet and CoinEx Vault continue to operate separately, and the ViaBTC mining pool remains operational. The company warned users that any subsequent announcements in CoinEx’s name are fraudulent.

Staged wind-down confirmed

CoinEx has officially begun its staged wind-down after nearly nine years of operation, with the company reiterating that this process is now underway. The exchange confirmed a distinct procedure for its platform token, maintaining a 0.005 USDT buy order for CET through the repurchase window and waiving trading fees on CET/USDT during that period, clarifying that CET holders will face no fee charges while the buyback is active.

Separately, ViaBTC issued an operational notice tied to the exchange’s changes: it will discontinue the “Withdrawal to CoinEx” feature on September 22 and advised users who rely on automatic withdrawals to update the destination address before the feature closes, a practical instruction aimed at preventing failed transfers once the partner exchange’s corresponding service ends.