[News]CoinEx’s Orderly Cessation of Operations

[RGBTC]

Maybe there are still users left around here.
What you need to know:

Key Timeline

September 15 (UTC+8)

• New user registration will cease.
• Referral commissions and other rewards will cease to be distributed.
• Futures contracts will enter Reduce-Only Mode.
• No new subscriptions or orders will be accepted for Fiat, Margin trading, Loans, Earn, Staking, or Strategic trading.

September 22 (UTC+8)

• All non-spot services will be ceased.
• On-chain deposit services will be ceased, except for CET deposits, which will remain available until September 29.

September 29 (UTC+8)

• All spot trading services will be ceased, and non-USDT assets will be processed.
• The repurchase window will end. The platform will repurchase all CET remaining in user accounts at 0.005 USDT per CET, with no quantity limit and no additional conditions.
• CoinEx Smart Chain (CSC) and OneSwap will cease operations.

December 22 (UTC+8)

• The withdrawal period will end, and the platform will cease operations.
• Please make sure to withdraw all assets before this date.

• Coinex reserves can be monitored here https://www.coinex.com/en/reserve-proof
• Users holding non-USDT assets shall withdraw them before September 29, 02:00 UTC; after this deadline, assets will be converted to USDT at the prevailing market price.
• Users who fail to withdraw USDT proceeds from CET sales by the end of the claim period (December 22) will be subject to a 5% independent storage fee; claims can be made manually via support@coinex.com until August 22, 2028.
  
  
  
  https://x.com/coinexcom/status/2099680522758721756
  https://www.coinex.com/en/announcements/detail/53539656293908

[Upgrade00]

Very reasonable wind down deadlines to cater to all of their users, who will see the announcement update at different times. Good to have the storage fee added, to allow users who miss the deadline to still have access to their funds.

Hopefully they stick to their timelines when the mass withdrawals start coming in and not act like BitMart, making it difficult for users to get their money and still taking money to list projects hours before announcing they're shutting down.

[Oshosondy]

Established by ViaBTC in 2017, and it is now also shutting down. Why are many exchanges started to shit down immediately after the MiCA license become stricter? I hope other old exchanges will not also follow.

Hopefully they stick to their timelines when the mass withdrawals start coming in and not act like BitMart, making it difficult for users to get their money and still taking money to list projects hours before announcing they're shutting down.

Among the exchanges that shit down recently, BitMart has unfavorable laws which is shady and to scam their users they have little amount of money on the exchange. The withdrawal fee that gone up is one of the major reasons people complained.