CoinEx Crypto Exchange Shut Downs Citing Market Winter, Binance Founder CZ Reacts

CoinEx is winding down after nearly nine years, blaming a prolonged crypto slump, thinner trading liquidity, and rising compliance costs. The exchange says user funds remain fully backed and withdrawals will stay open until December, with Binance founder Changpeng “CZ” Zhao noting this cycle’s business closures have at least allowed users to withdraw their crypto assets.