# CoinEx shuts down after nine years

> A Hong Kong exchange calls it quits, and it is not the only one heading for the exit.
- Title: CoinEx shuts down after nine years · Yahoo Finance | Shortify
- Summary: A Hong Kong exchange calls it quits, and it is not the only one heading for the exit. When trading volume dries up and compliance costs stay high, mid-tier…
- Keywords: crypto, exchanges, coinex, hong kong, bitcoin, business, finance, shuts, nine, years, Yahoo Finance
- Source: Yahoo Finance — https://finance.yahoo.com/markets/crypto/articles/hong-kong-crypto-exchange-coinex-132900721.html
- Published: 2026-09-15T13:29:00+00:00
- Read time: 1 min
- Topics: crypto, exchanges, coinex, hong kong, bitcoin, business, finance
## CoinEx is closing
The Hong Kong-based crypto exchange is shutting down after nine years of operation. It will go dark exactly nine years to the day after it launched.
## Too hard to run safely
The company blamed an operating environment it called increasingly difficult, pointing at the cost of staying secure and compliant.

> The security and compliance risks of running a crypto exchange have become increasingly difficult to contain
## Users have until Dec 22
Customers get a withdrawal window that closes on December 22 this year. After that the exchange stops operating.
## Volume had already thinned
CoinEx handled $70 million in 24-hour trading volume on Sept. 14, per CoinGecko. That trails Asian rivals like CoinW and Gate by a wide margin.
## Bitmart and BitMEX went first
Both exchanges announced closures in July, citing much the same problems. CoinEx makes three veteran venues gone in three months.
## A year into crypto winter
Retail spot trading has slumped along with prices. Bitcoin sits at $76,900 on Sept. 15, down from its $126,000 record in October 2025.
## Key takeaway

When trading volume dries up and compliance costs stay high, mid-tier crypto exchanges stop being viable businesses.