Crypto traders holding funds on CoinEx must pull their assets off the platform before December 22, 2026, to avoid losing access or incurring recurring monthly penalties.
The nine-year-old cryptocurrency exchange is voluntarily ending operations in phased stages following market headwinds, shrinking volume, and growing regulatory burdens across multiple jurisdictions. Despite reporting an asset reserve ratio above 100%, the platform is sunsetting its centralized exchange, native blockchain ecosystem, and trading services.
CoinEx Shutdown: Key Deadlines and Wind-Down Schedule
CoinEx is executing its shutdown over a three-month period. Operational features will turn off according to the following schedule:
- September 15, 2026: New user registrations cease. Referral commissions stop. Futures trading enters reduce-only mode. New subscriptions for fiat trading, margin, crypto loans, Earn, staking, and automated strategy trading are disabled.
- September 22, 2026: All non-spot trading services close completely. On-chain crypto deposits end, with the exception of native CET token deposits.
- September 29, 2026: All spot trading halts. Non-USDT assets remaining on the exchange will be converted into USDT. CoinEx will repurchase all user-held CET tokens at a fixed rate of 0.005 USDT per CET.
- December 22, 2026: Platform operations cease entirely, and standard web withdrawals close.
Any USDT left unwithdrawn after the December 22 deadline will be transferred to independent custody. Accounts holding custodial funds will be charged a 5% monthly custody fee calculated against the account balance recorded on December 22. Users can submit manual custody recovery claims via email ([email protected]) until August 22, 2028.
What Happens to CET, CSC, and Self-Custody Wallets?
The shutdown also brings an end to CoinEx’s decentralized infrastructure. Both the CoinEx Smart Chain (CSC) network and the OneSwap decentralized exchange protocol will permanently turn off operations on September 29, 2026.
For self-custody wallet users, standalone products remain unaffected. CoinEx Wallet and CoinEx Vault operate independently of the exchange architecture and will remain fully operational after the central exchange closes.
Market Pressures and End of Local Philippine Outreach
CoinEx pointed to prolonged industry-wide liquidity contraction and compliance costs that “exceeded reasonable boundaries” as key drivers behind the decision.
The platform exit marks a sudden conclusion as well to CoinEx’s non-profit campaigns in the Philippines. Through its non-profit wing, CoinEx Charity, the exchange had built visibility in rural regions by funding satellite internet infrastructure. (Read More: CoinEx Charity Installs Starlink Internet System in Subic, Zambales: Fourth in PH)
Under its “Bridge to Hope” initiative, the team deployed Starlink units to remote public institutions and disaster-prone municipalities across the country. This includes deployments in E.B. Magalona in Negros Occidental, Laurel and Agoncillo in Batangas, public schools in Subic, Zambales, and the PDEA Academy in Cavite.
With trading services freezing on September 29, users holding balances on the exchange should withdraw funds to external private wallets or alternative platforms to avoid asset conversion and custody charges.
This article is published on BitPinas: CoinEx to Shut Down by December 2026: Key Deadlines and Withdrawal Guide
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