CoinEx will cease operating its cryptocurrency exchange and begin an orderly wind-down, with trading operations scheduled to end on December 22, 2026. The exchange cited declining trading activity, liquidity conditions and the rising cost of maintaining compliant operations as factors behind the decision.

CoinEx’s closure makes it the latest centralized trading venue to exit during a year in which several established exchanges have either shut down or entered structured wind-down processes. The exchange published its announcement on its official website.

CoinEx Moves Toward December Closure

The planned exit follows another significant reduction in CoinEx’s supported markets. On September 10, the exchange began delisting 14 cryptoassets: MLN, XEM, GENSYN, FIDA, LISTA, RAIL, ACS, 0G, L3, ROAM, SPELL, MITO, PI and PYR.

Deposits and trading for those assets will stop at 08:00 UTC on September 17, while withdrawals will remain available until December 17. CoinEx had also launched separate delisting rounds earlier in September involving ORAI, ETN, BEAM, QUICK, HFT and POLYX.

Before announcing the global wind-down, CoinEx had faced regulatory restrictions in several major markets. New York authorities forced the exchange to leave the U.S. market in 2023. Canadian regulators later obtained orders restricting the platform after determining that it was operating without registration. In 2025, Québec authorities moved to block local access to CoinEx and instructed remaining customers to withdraw their assets.

Exchange Closures Accelerate in 2026

CoinEx follows BitMEX, which is scheduled to complete its own exchange shutdown on September 23 after 11 years in the derivatives market. BitMEX stopped accepting new registrations and restricted new positions while its owner, HDR Global Trading, moved the platform through its final offboarding period.

AscendEX ceased operations on July 1, citing regulatory, financial and operational constraints. Its closure coincided with the end of the European Union’s MiCA transitional period, leaving customers with limited account functions while withdrawals underwent manual review.

BitMart also announced an orderly wind-down in July, initially setting January 31, 2027, as the date when platform operations would cease. The company later appointed White \u0026 Case and began evaluating a restructuring that could preserve or restart parts of the business instead of proceeding with the original shutdown plan.

European regulation has created another potential exit route for exchanges that are unable or unwilling to secure authorization. The European Securities and Markets Authority, or ESMA, instructed unauthorized crypto service providers to wind down their EU services after the final MiCA transition expired on July 1. Affected firms must stop onboarding customers and limit activity to orderly offboarding.

CoinEx’s trading platform is scheduled to cease operations on December 22, giving existing users a limited period to close positions and move their assets as the exchange completes its wind-down.