CoinEx to Cease Operations After Nine Years, Withdrawals End December 22

What happened

CoinEx, a Hong Kong crypto exchange founded in December 2017, will stop all operations. Users can withdraw their funds until 02:00 UTC on December 22, 2026, after which the platform will shut down permanently.

Confirmed

Global impact / market context

This means people holding digital money on CoinEx must move it before the deadline or risk losing access. It highlights that crypto exchanges can close, so investors should keep their assets in secure wallets they control.

Analyst inference

The closure of a nine-year-old exchange could shake confidence in smaller trading platforms. Investors may become more cautious about leaving funds on any exchange, potentially shifting money toward larger, more established platforms and increasing demand for personal digital wallets.

Analyst inference

What to watch

1. Watch whether CoinEx processes all withdrawal requests smoothly before the December 22, 2026 deadline, as any delays could leave users unable to access their funds. Confirmed
2. Consider moving your digital assets out of CoinEx immediately rather than waiting, to avoid last-minute congestion or technical issues that might prevent successful withdrawals. Proposed
3. Look for announcements from other small or mid-sized crypto exchanges about similar shutdowns, which could signal broader industry consolidation and prompt investors to reassess where they keep their digital money. Analyst inference

Affected assets

• 00 — 00 Token

Evidence

• coinpaprika.com