CoinEx Halts Operations, Enters Orderly Liquidation Process; Withdrawals to Continue Until December

CoinEx has halted operations and entered an orderly liquidation process. The deadline for user withdrawals is set for December. BlockTempo reported on the 15th that CoinEx decided to discontinue operations due to prolonged market downturn, declining trading volume, and increased regulatory compliance costs. Yang Haipo, CoinEx's founder, stated that 'bearing infinite risks with limited income is irrational.' BlockTempo also noted that CoinEx plans to process user asset withdrawals through December.