CZ Praises Orderly CoinEx Wind Down as Exchange Plans Closure
CoinEx will gradually wind down its cryptocurrency exchange operations after citing weak market conditions, lower trading volume and rising compliance costs, according to information shared by BSCN.
The exchange is scheduled to begin restricting new registrations and non-spot services on September 15. Customers will still be able to withdraw their assets during the wind-down period, with withdrawals remaining available until December 22, 2026.
CoinEx Sets Out Closure Timeline
The planned closure will take place in stages rather than through an immediate shutdown. Beginning September 15, CoinEx will restrict new user registrations and discontinue access to non-spot services.
Users will have until December 22, 2026, to withdraw their assets from the platform. The timeline gives customers a defined period to move funds away from the exchange before the wind-down is completed.
CoinEx attributed the decision to a combination of weak market conditions, declining trading volume and increasing compliance costs, according to the information published by BSCN.
CZ Highlights User Withdrawals
Binance co-founder Changpeng Zhao, known as CZ, commented on recent exchange wind-downs and pointed to the ability of users to withdraw their assets as an important distinction from failures seen in previous market cycles.
According to BSCN, Zhao contrasted the orderly wind-downs with what he described as the “QuadrigaCX styles” associated with earlier periods of the cryptocurrency market.
The reference is to QuadrigaCX, the Canadian cryptocurrency exchange that collapsed after becoming unable to return customer funds. Zhao's comments, as reported by BSCN, focused on the difference between a structured closure that allows customers to withdraw their assets and exchange failures in which access to funds is disrupted.
CoinEx Customers Have Until December 2026
The CoinEx timeline provides customers with more than a year from the start of the restrictions to complete withdrawals. The exchange's decision to maintain withdrawals through December 22, 2026, means users are not being given only a short window to remove their assets.
The staged approach also separates the restriction of new registrations and non-spot services from the eventual end of withdrawals. The information shared by BSCN does not indicate any change to the December 22 deadline.
For CoinEx users, the next specific milestone is September 15, when restrictions on new registrations and non-spot services are scheduled to begin. Withdrawals are set to remain available until December 22, 2026.
writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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