Wu Blockchain (@WuBlockchain): CoinEx to Shut Down After Nearly Nine Years as Crypto Slump, Compliance Costs Bite

CoinEx to Shut Down After Nearly Nine Years as Crypto Slump, Compliance Costs Bite CoinEx said it will wind down operations after nearly nine years, citing a prolonged crypto-market downturn, shrinking trading volumes and liquidity, and rising regulatory and compliance costs across major jurisdictions. The exchange will stop new registrations and move futures trading to reduce-only mode on Sept. 15, end futures, staking, lending and other non-spot services on Sept. 22, halt all spot trading on Sept. 29, and close withdrawals and the platform on Dec. 22. CoinEx is a long-running global crypto exchange launched in December 2017.