CoinEx to Shut Down After Nine Years, Sets December 22 Withdrawal Deadline

A nine-year venue folding is a reminder that exchange longevity is not the same as durability, and the orderly wind-down — full reserves, a fixed buyback price for the native token — is now the template distressed platforms are judged against. The CET buyback matters most: holders are being offered the listing price rather than a market exit, which effectively sets the token's terminal value. Whether the reserve claim is verified independently, and how other exchanges with their own tokens handle similar exits, is the open question.