Key points

  • CoinEx is phasing out exchange services from September 15; spot trading is scheduled to end September 29.
  • Withdrawals close December 22 at 02:00 UTC; unwithdrawn USDT will face a monthly custody charge.
  • CoinEx Wallet and CoinEx Vault are outside the shutdown, and the exchange’s reserve claims remain company assertions.

CoinEx is beginning a phased closure of its cryptocurrency exchange, setting September 29 as the end of spot trading and December 22 as the final withdrawal deadline. The plan gives customers different deadlines depending on whether they want to keep their existing tokens or withdraw the USDT proceeds after the exchange processes remaining balances.

The company’s official notice says the wind-down starts September 15, 2026, although the page’s publication label is September 14. It attributes the decision to weaker market activity, reduced liquidity and rising compliance costs. Independent reports published September 15 by Coinpedia and FinanceFeeds describe the same staged closure, rather than an immediate halt to every service.

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Trading stops before withdrawals

Under the announced timetable, September 15 brings an end to new registrations and referral rewards, while futures move to reduce-only mode. New subscriptions or orders across fiat, margin, loans, Earn, staking and strategy products are also being stopped. The practical distinction is that existing customers are moving into an exit period, with fewer services available as each stage takes effect.

Non-spot services are scheduled to close September 22. Most on-chain deposits also end that day, with CET deposits continuing until September 29. Spot trading ends September 29, alongside CoinEx Smart Chain and OneSwap. CoinEx says its Wallet and Vault businesses operate separately and are outside these closure arrangements.

Two deadlines for customer assets

The official notice sets 02:00 UTC on September 29 as the deadline for withdrawing non-USDT assets in their original form. That is 06:00 in Dubai. Customers who leave those assets on the exchange beyond that point face the platform’s disposal arrangements, so the later December withdrawal deadline should not be read as a promise that every original token remains available until then.

The final withdrawal cutoff is December 22 at 02:00 UTC, also 06:00 Dubai. CoinEx says USDT left after the withdrawal period will move into independent custody, with a monthly fee equal to 5% of the original balance at the cutoff. Custody claims will remain possible until August 22, 2028, subject to the announced procedures and security checks.

Company assurances and remaining questions

CoinEx states that its asset reserve ratio exceeds 100% and that customer assets are fully backed. Those are the exchange’s assurances; this article has not independently audited its reserves or tested customer withdrawals. The timetable describes what the company intends to do, and future execution still needs to be assessed as the deadlines arrive.

Coinpedia’s September 15 account reports that founder Haipo Yang considered selling the exchange but decided to wind it down instead. It also reports a repurchase of remaining CET at 0.005 USDT per token. These arrangements concern the exchange’s exit process, rather than a guarantee about the market value of other digital assets.

The immediate significance for customers is operational: trading access, deposits, token conversion and withdrawals do not stop together. CoinEx also warns about impersonation during the closure, saying it will not request private keys, passwords or verification codes. Its published notice is the reference for the staged deadlines and the services excluded from them.

Sources

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