Hong Kong crypto exchange CoinEx to cease operations after 9 years in business

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CoinDesk
Hong Kong crypto exchange CoinEx to cease operations after 9 years in businessWorldPing
Image via CoinDesk.

What happened

Founder and CEO Haipo Yang cited mounting security and compliance risks and said he rejected a sale in favor of a “clean ending.”…

Key facts

  • Founder and CEO Haipo Yang cited mounting security and compliance risks and said he rejected a sale in favor of a “clean ending.”…
  • Reported by CoinDesk and published Tue, 15 Sep 2026 09:30:58 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. CoinEx to cease operation after 9 years, citing ‘significant’ crypto contraction

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

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

  4. Bitcoin short-term holders hit 30-day profit streak as bull-market odds improve: CryptoQuant

  5. Hong Kong crypto exchange CoinEx to cease operations after 9 years in business

  6. Ark Invest sells $14 million in Circle, trims Coinbase as crypto stocks rally

Sources

The original report was published by CoinDesk. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at CoinDesk

Related WorldPing coverage

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