On the 15th, cryptocurrency exchange CoinEx announced it would cease operations after nearly nine years in business. The decision was attributed to prolonged market downturns leading to reduced trading volumes and liquidity, as well as increased regulatory compliance costs in major jurisdictions.
As of September 15, the company has stopped accepting new member registrations and transitioned futures trading to a reduce-only mode, limiting new positions. On September 22, services other than spot trading, such as futures, staking, and lending, will be terminated, with spot trading to follow on September 29...