CoinEx begins a multi-stage wind-down of its exchange services, urging users to withdraw assets before the December 22 deadline to avoid custody fees.
CoinEx exchange shutdown includes forced repurchase of CET at a fixed price, likely rendering the token worthless post-wind-down.
Customers are urged to withdraw USDT before the exchange closure, which may cause short-term volatility but does not directly impact the stablecoin's peg.
CoinEx announces a phased shutdown of its crypto exchange platform, citing prolonged market downturns and rising compliance costs. The exchange will cease all operations by December 22, 2026, and has initiated a forced repurchase of its native CET token at 0.005 USDT.
Assets left on the platform after December 22, 2026, will be moved to independent custody and subject to a monthly fee of 5% of the original balance.