Exchanges closed down in 2019!

[wheelz1200]

After a long bear run in 2018, 2019 wasn't that bad! Crypto market recovered a bit! But the effect of the bear run was just huge, and that's why many crypto projects and exchanges closed down last year! From January to December of 2019, these exchanges were closed,
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)


I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!

I'm actually surprised more prominent exchanges didnt close up shop.  In any bear market we are going to have a lot of exchanges close down.  The problem exists with new exchanges being created every day.  The amount of total crypto volume cant support so many exchanges so its inevitable a true case of only the strong survive.

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[Bonwin]

Check here for a rather complete overview of hacked exchanges:

https://bitcointalk.org/index.php?topic=5090869

Kudos to VB1001 for compiling the list.

I think you should also give credit to the Op of this thread because the thread you made reference to is quite different from what @pacman7331 is saying. That an exchanged was hacked does not mean it has shut down. It was reported that Binance and several exchanges got hacked in 2019, but they never shut down.
Also, your reference only had updates that stopped in 2018. If someone else comes up to continue with an updated list, it is also fine.

So, from my end, I am saying thanks to @pacman7331, for bringing up an informative thread as this.

[Leonardo7]

Exchanges are closing down, yet some are yet springing up and selling ICO to scam investors. People need to be careful of the exchanges they trade and leave their fund, some developers are just too brutal. Bitbox has shutdown its window this year. Some of these failures are as a result of poor fund management and been adamant to accept responsibility and change.

[Crypto5060]

Cobinhood is another exchange that shut down recently. It really came as a surprise, I don't know what could be attributed to the massive shutdowns. Is the market no more profitable or people don't really use the exchanges.

[Mahanton]

After a long bear run in 2018, 2019 wasn't that bad! Crypto market recovered a bit! But the effect of the bear run was just huge, and that's why many crypto projects and exchanges closed down last year! From January to December of 2019, these exchanges were closed,
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)


I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!

Yeah, no matter which year on here we are on crypto these kind of exchange hacks do happen. Those exchange are only a few in the list if
we do try to mention it overall.Try to look this updated list.

https://bitcointalk.org/index.php?topic=5090869.0

[Asuspawer09]

I think it is more like that having this kind of business has a very hifh risk because all of the altcoins that is in the market is also your investment if the exchanger is already trusted it could easily gain profit but acquiring users in the websites will be difficult because they are so many exchangers online. Its not going to be easy at all point for sure the one with less user is going to collapse.

[asyakashi]

the most surprising is idax. This is a popular exchange, it even has a good rating on CoinCapcap. Finally Idax announced that their CEO stole Idax assets. This proves that there is no safe exchange.

[aioc]

After a long bear run in 2018, 2019 wasn't that bad! Crypto market recovered a bit! But the effect of the bear run was just huge, and that's why many crypto projects and exchanges closed down last year! From January to December of 2019, these exchanges were closed,
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)


I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!

The only one that I really felt was the Cryptopia closure I have some coins there that I have not retrieved and I am receiving my airdrop here from one project, two reasons why these exchanges are closing, volume and hacking and the competition is beating them we will see many more exchanges closing and this is expected this 2020.

[shinratensei_]

After a long bear run in 2018, 2019 wasn't that bad! Crypto market recovered a bit! But the effect of the bear run was just huge, and that's why many crypto projects and exchanges closed down last year! From January to December of 2019, these exchanges were closed,
1. Cryptopia
2. Coinexchane dot io
3. Nova Exchange
4. Codex exchange
5. Bitmarket
6. Coinome
7. Tradeio (Hibernation mode)
8. IDAX (Not officially yet)


I remembered these names and witnessed most of them, but I am sure there are many other exchanges that went to shut down last year! If you know any other closed exchange name, share here! So, I can update the list!

Yeah, no matter which year on here we are on crypto these kind of exchange hacks do happen. Those exchange are only a few in the list if
we do try to mention it overall.Try to look this updated list.

https://bitcointalk.org/index.php?topic=5090869.0

The majority of them are still alive and some may postpone the service for the users. I remind you that cryptopia is not yet a dead exchange site and it will comeback with more restrictions to the users.

Cobinhood is another exchange that shut down recently. It really came as a surprise, I don't know what could be attributed to the massive shutdowns. Is the market no more profitable or people don't really use the exchanges.

Cobinhood is the latest one but there are so many of exchange sites that have already closed last year
This article will add more data to the OP's list.

https://en.cryptonomist.ch/2019/12/14/crypto-exchanges-closed-in-2019/

Cobinhood is the first exchange site who has closed this service in this year.

[Kemarit]

I recently see this, Exit scam? Aussie exchange freezes ‘$1m+’ of user funds in mystery audit.

Not officially closed down, but it looks like they're trying to exit scam.

Some of them might not be dead though and could come to live this 2020 as it seems that the whole crypto market is trying to rebound now, specially Bitcoin.

[shoreno]

dam . why  ? cryptopia  , nova , and the recent idex were the biggest among the list if im not mistaken but others were also popular and have a sig campaign on here before   . bear was only one year but the bears on the past are much more worster  but it didnt result for the exchanges to shut down  . i dont believe that the 2018 bear is the problem but maybe there are other serious problems that these guys were facing and they are pressured to run the exchange normally  so they decided to take some breaks  .

[bgaf]

There is not much choice by these exchanges. As you can see an exchange platform can be closed if no liquidity or profits gain from trading fees and that's normal. I remember cryptopia and idax as biggest exchange amongst the list. Ive using these two before but stop due to rumors of closing especially Idax. But as far as I know they arent closed yet as rumors sometime might be wrong but for the sake of keeping funds dont use it anymore cause the funds might be gone in an instant.

[nicster551]

I think this is good for the community, if they can't fight back the bear market then they should close. People already learn that this exchanges cannot be trusted since they can be hacked or can shutdown immediately without further notice. The investors should focus on legit and top class exchanges like Binance, Huobi and Kucoin for assurance.

[Anonylz]

I used coinexchange few weeks before closing. They really did wonderfully well and their reason for shutting down was that it wasn't sustainable to run an exchange platform because they are running at lost. I think they are very straightforward with nothing to hide. I think the major reason why most of them are closing down is due to low trading volume and many of them are just actively dead  . despite the fact that many of the already existed project are closing down, there are still many of them on ANN thread still coming out about exchange development project. In fact strongly believe there are too many exchange platform. it is good that they are gradually doing down.

I really give it to coinexchange for being very honest to their users and give good amount of time for people to withdraw their funds, i have only use them on few occasions and they were not bad, other exchange would have find a way to increase their trading volume using bot just to keep up a front,
Many exchange shouldn't even be in business if going by actual trading Volume not the fake volume they display for people to see, only few of top exchange can operate properly now,
And the irony is more exchange are coming up that would probably end up dead within few months of their existence, the number of exchange is growing and not enough market to sustain them all.

[Kupid002]

There is not much choice by these exchanges. As you can see an exchange platform can be closed if no liquidity or profits gain from trading fees and that's normal. I remember cryptopia and idax as biggest exchange amongst the list. Ive using these two before but stop due to rumors of closing especially Idax. But as far as I know they arent closed yet as rumors sometime might be wrong but for the sake of keeping funds dont use it anymore cause the funds might be gone in an instant.

i though that cryptopia is already close and there are not going to give back all those money of users. Who feel victim with the hack happen to them, i dont know what happen in idax i just heard that owner gone with the money.

[Vishnu.Reang]

I lost around $500 worth of cryptocurrency when Cryptopia closed down in 2019. Actually they had given a small window to withdraw the holdings. I transferred my BTC to other wallets, but kept the altcoins in the exchange wallet. And when the exchange shut down unexpectedly, I lost access to my altcoin holdings (mostly Litecoin and a few tokens).

[pikkie]

I lost around $500 worth of cryptocurrency when Cryptopia closed down in 2019. Actually they had given a small window to withdraw the holdings. I transferred my BTC to other wallets, but kept the altcoins in the exchange wallet. And when the exchange shut down unexpectedly, I lost access to my altcoin holdings (mostly Litecoin and a few tokens).

this is what is called a risk when storing assets that you have in the exchange place, they can do closure like that and the assets can not be taken again and the place of exchange is not responsible like that, so I suggest when you have more assets move immediately to a safer wallet.

[mdzahed134]

A several millions dollar hacked from cryptopia, if unofficially they trying to restarted but still not yet. Some possibility to coming back Coinexchange.io actually this exchange shutdown for the market bad condition, mentioned in their official announcement. IDAX.pro and Trade.io both of exchanges CEO intentionally stolon users assets. I have lost a lot of coins in these exchanges. IDAX is still not stopped looking everything going normally.                

[slaman29]

Watch out for LA Token. The research firm Cointelligence has found that LATOKEN is a scam exchange. And if you go online you'll see all kinds of stories not just from former customers but even ex employees of the exchange who tells you all the stories of how they were scammed.

And they recently sponsored an event at Davos WEF so you know they're definitely scammers;)

[thisnewcoin]

I did bounty for Codex.exchange, had some USD there, but suddenly they announced they are gonna closed down! I was shocked as the admin said they have higher volume than many good exchanges! Later I see they closed down for regulations! Thanks for the thread, I did not aware that IDAX is going to close, though they are ruined badly.