After nine years, CoinEx is shutting down its crypto exchange. On September 15, 2026, the platform will start an orderly wind-down. The cryptocurrency market's increasing weakness, lower industry trading volume and liquidity, growing regulatory requirements, compliance expenses, and operational unpredictability were all mentioned by the exchange. CoinEx claims that customer assets are still completely backed; however, withdrawals are still possible until December 22.

CoinEx Begins Its Shutdown in Stages

On September 15, CoinEx stopped accepting new user registrations, futures markets entered reduce-only mode, and new orders or subscriptions for various products, such as fiat, margin trading, loans, Earn, and staking, were suspended.

September 22 is the next big date. Futures, strategic trading, on-chain trading, fiat services, Earn, and staking are among the non-spot services that will cease operations on that day. While CET deposits will still be accessible until September 29, on-chain deposits will also sunset.

Until September 29, spot trading will take place. CoinEx will then start processing the remaining non-USDT assets and terminate any unfulfilled spot orders.

According to the exchange, assets with remaining external-market liquidity may be sold and converted into USDT, with users' spot accounts receiving the proceeds. The wallets of assets without external-market liquidity will no longer be maintained, and they will be slowly delisted. As a result, users who hold the assets are advised to take them out by September 29.

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, 2026

CoinEx Says Reserves Remain Above 100%

CoinEx asserts that their reserve ratio is greater than 100% and that user assets are fully backed and accessible for withdrawal regardless of interruptions in service. The company describes the shutdown as an orderly wind-down rather than a failure to fulfil withdrawals, which makes that comment crucial.

Users can take their assets out until December 22, 2026, at 02:00 UTC. Additionally, CoinEx has cautioned consumers not to wait until the last few days because withdrawals may be impacted by blockchain congestion, network confirmation times, and transaction costs.

The deadline for withdrawing assets in their original form is different. Users may no longer be able to withdraw those assets as they were originally held on the exchange once CoinEx starts its non-USDT asset disposal procedure on September 29 at 02:00 UTC.

USDT that hasn't been withdrawn by the December deadline will be placed in independent custody. According to CoinEx, a custody fee of 5% of the original asset value will be charged each month. The last day for users to file claims is August 22, 2028.

At least, the few recent wind-downs during this winter have allowed users to withdraw their assets, a sharp contrast to the "QuadrigaCx styles" in the previous cycles. https://t.co/Ah1mrxPriz

— CZ 🔶 BNB (@cz_binance) September 15, 2026

CET Holders Get a Fixed Repurchase Price

For its native CET token, CoinEx has also outlined a particular strategy. The CET/USDT trading pair allows users to sell CET at 0.005 USDT per CET from September 15 to September 29. During the repurchase period, trading costs are waived.

According to CoinEx, there is no additional condition or quantity cap for the repurchase. After September 29, any CET in user accounts will be automatically repurchased at the same price, and the resulting USDT that results will be credited to users' spot accounts.

OneSwap and CoinEx Smart Chain have the same deadline of September 29 to shut down. CET deposits will likewise expire, along with the cross-chain bridge redemption window. Before the deadline, users who have CET on-chain are encouraged to allow transactions and confirmations enough time.

https://t.co/evNt1C9XQ6

— CoinEx Global (@coinexcom) September 15, 2026

CoinEx Wallet & Vault Will Continue

The shutdown notice separates the exchange from two other CoinEx products in certain ways. The termination does not apply to CoinEx Wallet or CoinEx Vault.

According to CoinEx, both services will continue under their own terms and operating agreements and function independently of the exchange. Therefore, rather than automatically terminating Wallet or Vault services, the shutdown applies to the CoinEx exchange operation.

Additionally, CoinEx has released a specific warning about fake shutdown-related communications. Only its official website and verified social media profiles should be relied upon by users, it warns. The exchange claims that it will never ask customers to deliver assets to an address for "unfreezing," repayment, or an airdrop, nor will it ever request private keys, passwords, or verification codes.

CoinEx has referred to this as its final announcement regarding the cessation. Any reported new announcement, additional rule, or policy change released in its name, according to the company, should be regarded as fake.

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