CoinEx opens withdrawals immediately on closure, BitMart users wait over two months
- —CoinEx opened withdrawals on the day it announced the closure; the final deadline is December 22, 2026
- —CoinEx's reserve coverage exceeds 100%, with CET bought back at 0.005 USDT without limit
- —CET fell 97% from its high to the buyback level of 0.005 USDT
- —BitMart users have been unable to withdraw funds for more than two months
Why it matters: The case shows that the manner of an exchange's closure determines user trust, but does not save the platform token from collapse.
Source: NullTX