CoinEx
CoinEx is a cryptocurrency exchange established in December 2017 by Haipo Yang. The platform offered digital asset trading services including spot, margin, and perpetual contract trading, alongside its broader ecosystem, which included CoinEx Smart Chain (CSC), CoinEx Wallet, and the native CoinEx Token (CET). [1]
On September 15, 2026, CoinEx announced that it would cease exchange operations, citing prolonged market weakness, reduced trading volume and liquidity, and rising regulatory and compliance costs. The platform will wind down services in stages, with withdrawals remaining available until December 22, 2026, when exchange operations are scheduled to end. CoinEx Wallet and CoinEx Vault will continue operating independently. [17]
Overview
CoinEx provides services in over 200 countries and supports multiple languages. The exchange utilizes a proprietary matching engine to facilitate trade execution and maintain liquidity. Additional features include a referral program, trading competitions, and a VIP membership system with tiered benefits.
CoinEx employs multiple security measures to safeguard user funds and data. The exchange primarily utilizes cold wallet storage, multi-signature protocols, and real-time transaction monitoring. Security features include two-factor authentication (2FA), withdrawal password protection, and an anti-phishing code system. CoinEx has also partnered with security firms, such as SlowMist, to strengthen its cybersecurity framework.
The CoinEx Smart Chain (CSC) is a public blockchain designed for decentralized applications and smart contracts. It operates using a proof-of-stake (PoS) consensus mechanism, offering compatibility with Ethereum’s EVM. CSC enables the migration of Ethereum-based projects while providing lower transaction fees and faster block processing times. [1] [2] [7] [11] [12] [13] [14] [15]
Cessation of Operations (2026)
On September 15, 2026, CoinEx announced that it would cease operating its cryptocurrency exchange and begin an orderly wind-down of its services.
The exchange cited the prolonged downturn in the cryptocurrency market, reduced industry trading volume and liquidity, increasing regulatory requirements across major jurisdictions, and rising compliance costs and operational uncertainties as reasons for the decision. [17]
CoinEx stated that it maintains an asset reserve ratio above 100%, with user assets fully backed and available for withdrawal. The platform will keep withdrawal services open until December 22, 2026 (UTC+8), when exchange operations will officially end. [17]
Under the announced schedule, new user registrations and rewards will cease on September 15, while futures contracts will enter reduce-only mode and several services, including margin trading, loans, Earn, staking, and strategic trading, will stop accepting new orders or subscriptions. On September 22, all non-spot services will cease, followed by the closure of spot trading on September 29.
As part of the wind-down, CoinEx will repurchase remaining CET tokens in user accounts at 0.005 USDT per CET, with no quantity limit or additional conditions.
CoinEx Smart Chain (CSC) and OneSwap will also cease operations on September 29. CoinEx Wallet and CoinEx Vault will remain operational as independent services and are not affected by the exchange's closure.
Following the December 22 withdrawal deadline, unwithdrawn USDT will be transferred to independent custody and subject to a monthly custody fee equal to 5% of the original balance recorded at the end of the withdrawal period. Users will be able to submit custody claims until August 22, 2028. [17]
CoinEx Token (CET)
CoinEx Token (CET) is the platform's native utility token, launched in January 2018. It is used for transaction fee discounts, staking rewards, and governance participation. CET holders can access VIP membership benefits, take part in airdrops, and vote on ecosystem initiatives. The token also serves as gas for transactions on CoinEx Smart Chain. The exchange implements a repurchase and burning mechanism to manage CET’s circulating supply. [4] [9] [11]
Ecosystem and Services
CoinEx offers various blockchain-related services. CoinEx Wallet supports multiple cryptocurrencies and facilitates asset management. CoinEx Explorer provides transaction tracking and network activity insights. CoinEx Charity is a philanthropic initiative using blockchain for humanitarian projects. The platform also provides financial products such as staking and lending.
A proof-of-reserve system ensures transparency in asset holdings. CoinEx also runs a security bounty program to identify vulnerabilities and mitigate potential risks. An insurance fund is maintained for compensation in case of unforeseen events.
CoinEx offers customer support through multiple channels, including live chat, email tickets, and an FAQ section. The platform provides educational resources covering cryptocurrency trading and security best practices. Mobile applications for iOS and Android enable users to manage accounts and execute trades remotely.
CoinEx operates as a global cryptocurrency exchange with a focus on security, accessibility, and blockchain ecosystem development. The platform continues to expand its services, including the CoinEx Smart Chain and CET token. CoinEx provides digital asset trading solutions while aiming to support the adoption of cryptocurrency and decentralized finance.
CoinEx operates in compliance with regional regulations, adjusting its services to align with local laws. Due to regulatory restrictions, the platform does not offer services to users in specific jurisdictions, including the United States and Canada. The exchange continually monitors regulatory developments to maintain adherence to industry standards and ensure operational transparency. [5] [16]
P2P Trading
CoinEx supports peer-to-peer (P2P) trading, enabling users to buy and sell digital assets directly with one another. The platform also integrates fiat on-ramp services, allowing users to purchase cryptocurrencies using bank transfers and online payment providers. The availability of fiat transactions depends on regional regulations and third-party partnerships. [8]
