CoinEx Announces December Withdrawal Deadline Amid Plans to Close Exchange

CoinEx, a cryptocurrency exchange that has operated for nine years, has announced plans to shut down its business. According to the company's latest update, new user registrations will be suspended starting Tuesday, and the platform will gradually phase out its remaining services. Current users have been given until December to withdraw their funds.

This decision comes during a period of notable contraction in the crypto sector during 2026, with other exchanges, wallets, DeFi protocols, and NFT platforms also announcing closures or scaling back their operations. While the specific reasons for CoinEx's wind-down were not detailed in the announcement, the move aligns with a reported uptick in operational pressures faced by many companies in the industry this year. Users of CoinEx are advised to monitor official channels for further instructions and to withdraw their assets in advance of the final deadline.