Hong Kong-founded cryptocurrency exchange CoinEx is winding down after nine years in operation, according to Decrypt. The platform began operating in December 2017 and will close its business after users have had until December to withdraw or cash out their holdings. CoinEx attributed the decision to a prolonged crypto winter and increasing compliance costs. The announcement marks the end of the exchange’s run in the digital-asset market, although the supplied information does not specify the precise closure date, withdrawal process, or any impact on individual cryptocurrencies. Users should refer to CoinEx’s official instructions for applicable deadlines and account procedures.
Source
Decrypt
Written by Moneyiar based on reporting from the cited source and Moneyiar market data.
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