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Author Topic: Exchanges closed down in 2019!  (Read 363 times)
pacman7331
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January 31, 2020, 01:26:12 PM
Last edit: January 31, 2020, 08:02:35 PM by pacman7331
Merited by tk808 (3), Bonwin (1), Tduty (1)
 #1

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!

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January 31, 2020, 01:42:14 PM
 #2

Check here for a rather complete overview of hacked exchanges:

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

Kudos to VB1001 for compiling the list.

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January 31, 2020, 02:02:15 PM
 #3

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)
9. QuadrigaCX

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 competition are eating these exchanges and they cannot keep up, we will see many more exchanges gong down, it's also surprising that there are so many ICO based exchanges in the past and is still ongoing  but unfortunately not among them are in the competition like Adab, Bitmillex IronX among others so better not involved in these ICO based exchanges.

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January 31, 2020, 02:29:38 PM
 #4

bad management and CEO are the problem of the exchange, seen in the last year Cryptopia and IDAX were closed, even though as far as I know the exchange is very well known and I also use, this is really a bad situation for crypto currencies

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January 31, 2020, 02:37:53 PM
 #5

hey man , you forgot to adding Liqui , that closed on early 2019 .
they close with no problem , just because bankruptcy.
also Coinpulse on february 2019 , then on march we have gatecoin .
April , the large exchange from Korea has closed because pressure from the local regulator.
On june , the thief exchange , Coinroom has closes suddenly.

so far i just know that.

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January 31, 2020, 02:54:52 PM
 #6

What about C-CEX? I have not used that exchange for a very long time. How are they now? Was unable to access them.

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January 31, 2020, 03:05:24 PM
 #7

Check here for a rather complete overview of hacked exchanges:

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

Kudos to VB1001 for compiling the list.

This is not hacked exchange list buddy, these exchanges officially closed because of fund issue and regulations! Btw, I checked that thread and that was very informative for me. Thanks for sharing!

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January 31, 2020, 03:25:04 PM
 #8

What about C-CEX? I have not used that exchange for a very long time. How are they now? Was unable to access them.
if you can't access it there are 2 possibilities, the first they may have closed, and the second try to use VPN, there are some exchanges that cannot be accessed by the internet

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January 31, 2020, 03:35:00 PM
 #9

I got a chance to use some of those exchanges before. Some weren't able to have a good support that lose their users trust. There probably have their own reason why they stop operating and closed down. The market is been filled with better exchanges that can provide  better support as well offers more legit features. They should learn from those who managed to keep their market and investors since soon they might relaunch their exchanges and they should offer something unique that will let people use them again.

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forexandcryptoauditor
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January 31, 2020, 03:42:51 PM
 #10

Great you have come up with this list. These are the ones that could not sustain in true bear market conditions. That means, the exchanges which are still live since last year in such conditions, will definitely see some improvement.
There are many who are awaiting bull market conditions to open up.

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January 31, 2020, 03:57:05 PM
 #11

Very surprised it turns out that so many exchanges are closed, what is the reason that the exchange is closed is it unable to compete with other major exchanges? what is the lack of traders and investors entering it so that the exchange is bankrupt because it does not get profits or security issues
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January 31, 2020, 05:29:23 PM
 #12

And we'll see many MANY more as DEX's get's adopted on a larger scale, removing volume and liquidity from the smaller exchanges, eventually competing with the bigger exchanges like Binance and Bittrex.
Blocknet is a good example of a DEX that will most likely be the front leader at some point, since they've got a ton of projects listed, and soon ads support for EOS and ETH (including tokens) as well.

It's only a matter of time, before we see a huge shake down. Node owners to these DEX's will make a pretty penny, I can guarantee you that.
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January 31, 2020, 06:36:43 PM
 #13

Among these cryptopia was one with high volume and liquidity so i think it was victim to bad management rather money flow problems.  While trade.io was good new project in my eyes and i think they should re-launch with a positive approach. No doubt the competiton is huge among the crypto market but there is also huge opportunity because it is a rapidly growing market.

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January 31, 2020, 06:44:39 PM
 #14

bad management and CEO are the problem of the exchange, seen in the last year Cryptopia and IDAX were closed, even though as far as I know the exchange is very well known and I also use, this is really a bad situation for crypto currencies

maybe other problems such as poor crypto market conditions for 2 seasons can also affect crypto exchange. traders also don't want to lose or get caught in a lonely exchange, don't have users, low volume and worse like hacking on Exchange.

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January 31, 2020, 06:46:10 PM
 #15

Thats why I am not using small crypto exchanges, as you can see 9 of 10 exchanges were too small, only QuadrigaCX was one of the bigger ones. Even big exchanges like Binance was hacked, they covered all losses and survived, that is important because when you store more money on exchanges, you never know when it becomes hacked.

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January 31, 2020, 08:02:11 PM
 #16

hey man , you forgot to adding Liqui , that closed on early 2019 .
they close with no problem , just because bankruptcy.
also Coinpulse on february 2019 , then on march we have gatecoin .
April , the large exchange from Korea has closed because pressure from the local regulator.
On june , the thief exchange , Coinroom has closes suddenly.

so far i just know that.

If I am not wrong Liqui was hacked badly, same as Coinpulse and I saw gatecoin was scammed. In this thread, I only listed those exchange name which is officially closed down like Coinexchangeio, CodexExchange, they gave a long time to withdraw people's fund, not just suddenly.

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January 31, 2020, 08:07:58 PM
 #17

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  Grin. 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.
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January 31, 2020, 08:19:08 PM
 #18

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!


Many of these exchanges were closed because they were exposed to hacking attacks. But I never understood the coinexchange being closed.

Except for Cryptopia and IDAX, they weren't too big anyway. They could not recover after hacking attacks. But coinexchange was the one of the biggest exchange of an era. I just sorry for coinexchange.

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January 31, 2020, 08:46:29 PM
 #19

Bitberry, the vaunted wallet provider announced its closure for February, He blamed the closure to prevalent market condition which I believe its mere distraction and unnecessary excuse. The awareness of the closure is not properly disposed, only token listed are making announcement through their groups which I found demeaning and improper. Are they planning to run away with people's coin. I also expect a free transaction fee for every coin because of the urgency.

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January 31, 2020, 08:53:24 PM
 #20

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  Grin. 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.
Trading volume of crypto currencies are just moving to few particular exchanges because people started to trust only some exchanges that is why others are in loss or get hacked possibly wanted to exit scam.Still people not yet preferring decentralized exchange so we are in need for more true decentralized exchanges.
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