CoinEx has announced the permanent closure of its cryptocurrency exchange. The wind-down process will begin on September 15, with full operations ceasing by December 22. The decision follows weaker market conditions, declining trading activity, reduced liquidity, and increased regulatory requirements alongside rising compliance and operational costs. Non-spot services will end on September 22, while spot trading will cease on September 29. The exchange stated that reserves remain above 100% and users can withdraw their full assets, but after December 22, unwithdrawn USDT will incur a monthly custody fee equal to 5% of the original balance.
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