CoinEx is shutting down. On 15 September 2026, founder Haipo Yang announced that the CoinEx exchange will cease operations after almost nine years and enter an
orderly wind-down. Spot trading on CoinEx stops on 29 September, and the withdrawal window closes on 22 December 2026.
If you hold assets on CoinEx, this guide covers three things: what the CoinEx shutdown timeline means for you, how to migrate from CoinEx without losing funds to a wrong network or a missed deadline, and why LBank could be a CoinEx alternative for the kind of trader who chose CoinEx in the first place.
Short on time? Open an LBank account now, complete verification, and start moving your CoinEx balance before the 29 September cut-off.
Key Takeaways
- CoinEx announced its closure on 15 September 2026, citing a prolonged market downturn, shrinking volumes and rising compliance costs.
- New CoinEx registrations stopped immediately. Non-spot services end 22 September, spot trading ends 29 September.
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CoinEx withdrawals stay open until 02:00 UTC on 22 December 2026. After that, any unwithdrawn USDT will be transferred to independent custody and will be subject to a monthly custody fee equal to 5% of the original balance recorded at the end of the withdrawal period.
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LBank charges 0.10% spot maker and taker at the base tier, with a broad altcoin list and a track record stretching back to 2015.
Why Is CoinEx Closing?
According to external reports,
CoinEx lists three pressures: a long bear market, a sharp contraction in industry-wide trading volume and liquidity, and steadily rising regulatory and compliance costs across major jurisdictions. Yang put it bluntly: carrying unlimited risk for limited revenue was no longer rational. The result is a structured CoinEx wind-down with a published calendar rather than a sale or a sudden freeze. That matters for how you should read the situation.
CoinEx has stated that user assets are fully backed, and its
proof-of-reserves page is the reference for that claim. CoinEx states that its reserve ratio exceeds 100% and that user assets remain available for withdrawal. Users should nevertheless complete withdrawals before the applicable deadline to avoid the post-closure custody arrangements and related fees. The CoinEx shutdown also fits a wider 2026 pattern, with
several mid-tier venues exiting or scaling back this year. Fixed costs for custody, security and licensing do not fall as fast as retail volume does, and the platforms with the thinnest margins are the first to go.
CoinEx Shutdown Timeline: The Dates That Matter
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Date (UTC)
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What changes on CoinEx
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15 September 2026
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New registrations stop. Referral commissions and rewards end. Futures move to reduce-only. No new orders for fiat, margin, loans, Earn, staking or strategy trading. CET buyback begins at 0.005 USDT with fees waived on CET/USDT.
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22 September 2026
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All non-spot services terminate.
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29 September 2026
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Spot trading ends. Remaining CET is converted automatically.
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22 December 2026, 02:00
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Withdrawal window closes. CoinEx ceases operations.
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After 22 December 2026
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Unwithdrawn balances move to independent custody with a monthly custody fee of 5% of the balance recorded at the deadline.
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22 August 2028
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Final date to submit claims by email, with re-verification likely required.
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Dates compiled from CoinEx's phased wind-down calendar as reported by The Crypto Times. Verify against the official CoinEx announcement before acting; wind-down calendars can be adjusted.
Why consider LBank as a CoinEx Alternative
CoinEx users generally chose the platform for three reasons: a long-tail altcoin list, a straightforward spot interface, and a mid-tier exchange that did not require complicated or tedious verification for basic trading. When choosing a CoinEx alternative, those are the boxes to check, and LBank ticks them.
Lower spot fees than CoinEx charged
CoinEx charged 0.20% maker and 0.20% taker on standard spot, and most retail accounts never reached the volume needed for VIP1. LBank's base spot tier is 0.10% on both sides, so an identical trading habit costs half as much.
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CoinEx (VIP0)
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LBank (base tier)
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Spot maker
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0.20%
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0.10%
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Spot taker
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0.20%
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0.10%
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Futures maker
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0.03%
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0.02%
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Futures taker
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0.05%
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0.06%
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LBank also offers volume-based tiers, a VIP fast-track for traders who can show volume or assets from another exchanges, and discounts when holding or paying fees with its native token. Apply here before your past trade history becomes inaccessible.
Longevity when longevity is the question
The reason to think carefully about your next exchange is precisely that CoinEx and other mid-tier platforms have closed this year. LBank has operated since 2015, which is longer than CoinEx managed, and holds ISO/IEC 27001 certification for information security. No exchange is guaranteed to exist forever, but an eleven-year operating history is itself an achievement.
Beginner-friendly spot, with room to grow
Like the CoinEx exchange, LBank keeps the spot interface simple: limit and market orders, a clear wallet view, and a knowledge base for the basics. Futures, copy trading and Earn products are there when you want them, but you are not pushed into leverage on day one. For a trader who used CoinEx primarily to buy and hold altcoins, that is the right place for you.
How to Migrate From CoinEx to LBank Safely
The process is two steps: prepare the receiving account, then withdraw from CoinEx. Doing them in that order avoids the most common mistake, which is sending to a network the destination does not support.
Step 1: Prepare your LBank account
- Register on LBank if you do not already have an account.
- Complete identity verification. Doing this before you deposit prevents delays if you later need higher withdrawal limits. See the LBank KYC verification FAQ for accepted documents.
- Get your deposit address. Go to Wallet, select Deposit, choose the asset (BTC, ETH, USDT and so on), then choose the network. The network you pick here must match the network you will withdraw on from CoinEx. Copy the address.
Step 2: Withdraw from CoinEx
- Check your CoinEx withdrawal limit. Unverified accounts have a daily and 30-day ceiling. If your balance exceeds it, either complete CoinEx verification or plan multiple withdrawals across days. Do not leave this until December.
- Consolidate dust. Minimum withdrawal amounts strand small balances. Sweep them into one asset while CoinEx spot trading is still open.
- Enter the LBank address and match the network. Select the same network on CoinEx that you chose for the LBank deposit address. For assets that require a memo or tag, such as XRP, XLM or ATOM, include it exactly; funds sent without one are slow or impossible to recover.
- Send a test transaction first on any network you have not used before, then send the rest once it arrives.
- Confirm your CoinEx balance reads zero. Then decide whether to formally close the account.
Common mistakes to avoid
- Sending USDT on TRC20 to an ERC20 address, or the reverse.
- Forgetting the memo on memo-required assets.
- Waiting for a market bounce before withdrawing. The CoinEx deadline does not move.
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CoinEx states that remaining CET will be automatically repurchased at 0.005 USDT after the buyback window, with no further repurchase or redemption arrangement thereafter.
Ready to move? Create your LBank account, verify, and copy your deposit address before you touch the CoinEx withdrawal page.
Frequently Asked Questions About the CoinEx Shutdown
Is CoinEx shutting down for good? Yes. CoinEx announced on 15 September 2026 that it will cease operations permanently, with the withdrawal window closing on 22 December 2026.
Are my funds on CoinEx safe? CoinEx states its reserve ratio exceeds 100% and that all user assets are available for withdrawal. The risk is leaving them past the deadline, when a 5% monthly custody fee applies.
When does CoinEx spot trading end? Spot trading on the CoinEx exchange ends on 29 September 2026. Non-spot services end on 22 September.
What is the CoinEx withdrawal deadline? 02:00 UTC on 22 December 2026. Withdraw earlier to avoid congestion and fee spikes.
What happens to my CET? CoinEx is buying back CET at 0.005 USDT until 29 September, after which remaining CET is converted automatically.
What is a good CoinEx alternative? For spot and altcoin traders, LBank offers a more competitive base spot fee, a comparably wide token list, an operating history since 2015, and a spot-first interface that suits similar users.
Final Word
The CoinEx exchange is closing on its own terms, with reserves intact and a published schedule. That is the best version of an exchange shutdown, but it still requires you to act. Move your assets before the September trading cut-offs where you can, and certainly before 22 December.
If you are considering an alternative platform, LBank offers competitive trading fees, a broad range of supported assets and an operating history dating back to 2015.
Sign up for LBank today → 
