The Block

Crypto exchange CoinEx to shut down after 9 years, citing market slump

Crypto exchange CoinEx to shut down after 9 years, citing market slumpWorldPing

The exchange blamed a long market slump, shrinking volume and liquidity, and rising regulatory and compliance costs.

This is a short WorldPing brief. The full report was published by The Block.

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Coinex Is Closing After 9 Years, and Its Founder Won’t Sell ItWorldPing
Bitcoin.com

Coinex Is Closing After 9 Years, and Its Founder Won’t Sell It

Coinex, the exchange Haipo Yang launched in December 2017, will end spot trading on Sept. 29 and shut down completely on Dec. 22, blaming a long crypto slump and rising compliance costs. The Calendar Users Need Coinex announced an orderly wind-down on Sept.

Brief by WorldPing · Original reporting by Bitcoin.com