CoinEx Shuts Down After Nine Years as Crypto Market Struggles

CoinEx is shutting down after nearly nine years in the cryptocurrency market, blaming a prolonged downturn, falling trading activity and rising compliance costs. The crypto exchange announced the decision on September 15, saying it would begin an orderly wind-down of its operations. The company said weaker market activity had reduced trading volumes and liquidity, while regulatory requirements across major markets had continued to increase.