CoinEx to shut down after 9 years, CEO cites security and compliance risks

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Hong Kong-based cryptocurrency exchange CoinEx has announced it will cease all operations after nine years in business. Founder and CEO Haipo Yang made the decision to shut down the platform rather than pursue a sale to another party. Yang cited growing security and compliance risks as the primary reasons behind the closure. He described the shutdown as a preferred "clean ending" over transferring ownership of the exchange.

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