- Hong Kong-based cryptocurrency exchange CoinEx said it will shut down after nine years in business.
- CoinEx said it will cease operations on Dec. 22, and users must withdraw their assets by then.
- CoinDesk said established exchanges are finding it harder to maintain their market positions as the cryptocurrency market matures and competition intensifies.
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Hong Kong-based cryptocurrency exchange CoinEx is shutting down after nine years in business.
CoinDesk reported on Sept. 15 that CoinEx founder and Chief Executive Officer Haipo Yang wrote in a post on X that the exchange will cease operations on Dec. 22. Users must withdraw their assets by…
