CoinEx to shut down on Dec. 22 after nine years
- —Registration closed on Sept. 15, futures moved to reduce-only mode
- —Futures, margin, Earn, staking and deposits will cease on Sept. 22
- —Spot trading will stop on Sept. 29, withdrawals until Dec. 22
- —CET is being bought back at 0.005 USDT with no volume or fee limits
Why it matters: The closure of an exchange with billions of dollars in turnover tests confidence in claims of fully backed reserves.
Source: NFT Evening