CoinEx β a Hong Kong crypto exchange running since 2017 β is closing for good. December 22, 2026, exactly nine years after launch. Signups are already frozen; spot trading ends September 29.
Founder Haipo Yang turned down a sale, calling this a "clean ending." Holders of
CET get a buyback at the original listing price of 0.005 USDT, no volume cap. Reserves sit above 100%.CoinEx is the third exchange to fold this year, after BitMEX and BitMart. A coincidence, or just how 2026 is going.
One footnote: in June, TRM Labs alleged $3.8 billion flowed between CoinEx and sanctioned Iranian platforms over seven years. The exchange denied it. Yang says the exit is his call β per Decrypt.