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

Crypto Insight Summary: 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. 14 with four hard dates: Sept. 15: registrations and referral rewards stop, […] Crypto Insight Analysis: Direction: Bearish CET Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Exchange closure will pressure CET price but limited impact on broader market.