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CoinEx to Shut Down Exchange on Its Ninth Anniversary

CoinEx will close its exchange on its ninth anniversary, with withdrawals ending Dec. 22. Arkham attributes $422.7 million across 3.2 million addresses to CoinEx, while the exchange’s reserve page shows no current audit rows.

Original source

AI take

An exchange closing on its own anniversary, with a hard withdrawal deadline, is a wind-down rather than a migration — and the absence of current audit rows on its reserve page removes the usual reassurance that customer assets are accounted for. The $422.7 million Arkham attributes across 3.2 million addresses gives a rough sense of how many holders and how much value are exposed to the deadline. Whether withdrawals proceed without friction, and whether that on-chain attribution holds up, is the open question.

Generated by AI for reference only.

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