NEWS | CoinEx, one of the older crypto trading platforms still running, has announced it is closing for good. The shutdown started in steps on September 15, 2026, and the platform fully closes on December 22, 2026, the last day people can pull their money out.
CoinEx first opened in December 2017 under founder Haipo Yang. The closing happens in stages. New signups stopped right away. A week later, loans and interest earning tools closed too. By the end of September, regular buying and selling will stop completely, leaving withdrawals as the only thing still working.
The company says it has enough money set aside to cover everything users are owed, and then some. Its own coin, called CET, will be bought back at a set price, with no limit on how much can be cashed in. A mining service and a separate digital wallet linked to CoinEx will keep running on their own.
CoinEx says the decision comes down to slow business, fewer people trading, and rising costs to follow the rules in different countries. In BMN's view, this fits a bigger pattern happening across smaller crypto platforms, where there just is not enough money coming in anymore to cover the cost of staying safe and legal, pushing some companies to close early rather than risk a messier ending down the road.
With several other platforms already shutting down this year, is CoinEx just the latest name on that list, or a sign that more are on the way?
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