Crypto exchange CoinEx announces it will cease operations after nine years, attributing the decision to a prolonged downturn in the crypto market. The company says falling trading volumes and reduced liquidity have made it difficult to continue operating, noting that these pressures have reached “reasonable boundaries.”
Both outlets report that CoinEx also points to higher regulatory and compliance costs as an additional factor behind the shutdown. Cointelegraph adds that customer withdrawals remain available during the wind-down period, with withdrawals set to stay open until Dec. 22. The Block similarly describes the rationale as a combination of market contraction, liquidity decline, and compliance burdens, without introducing a competing explanation.
While the outlets align on the core reasons and the general timing of the closure, they differ mainly in emphasis—Cointelegraph highlights the withdrawal deadline, while The Block focuses more broadly on the market slump and operational pressures.
