CoinEx Exchange Review: OG Score & Community Audit

CoinEx is closing. Spot trading stopped on September 29, 2026 and withdrawals will close on December 22, 2026 at 02:00 UTC. This page now mainly covers the wind-down and the exchange's history.

Platform Background & Leadership

On September 15, 2026, CoinEx announced a staged wind-down, citing a long market downturn, lower trading volume and liquidity and rising compliance costs. Non-spot services and most deposits ended on September 22 and spot trading stopped on September 29 (The Defiant: CoinEx to Close).

CoinEx was founded in December 2017 by Haipo Yang, who also created the ViaBTC mining pool and was registered in Hong Kong. It listed a very wide range of tokens and served users in more than 200 countries. Its native token, CET, gave fee discounts. As part of the closure, CoinEx offered to buy back CET at 0.005 USDT until September 29, 2026 and then converted the remaining CET in user accounts automatically.

CoinEx Security Track Record

In September 2023, CoinEx lost an estimated $54 million when several hot wallets were compromised, in an attack linked to North Korea's Lazarus Group (Halborn: CoinEx Hack). CoinEx paused deposits and withdrawals, said it would cover all user losses and moved to new wallet infrastructure.

For the wind-down, CoinEx says its reserve ratio is above 100%; this is the company's own statement, not an independent audit. From September 29, tokens with external liquidity are sold in batches and converted to USDT, while assets without external liquidity are no longer supported. USDT that is not withdrawn by December 22 will move to independent custody with a monthly fee of 5% of the original balance and custody claims can be filed until August 22, 2028.

Our OG community rates CoinEx at 16.2 (based on 6 reviews). Most reviews were written before the closure, when the 2023 hack and key management were the main concerns, so the score now has historical rather than practical value.

CoinEx Fees & Fee Structure

Before the closure, CoinEx spot fees were 0.20% maker and 0.20% taker at the base tier and futures fees were 0.03% maker and 0.05% taker, with discounts for CET holders. Trading has stopped, so these rates are shown for reference only.

CoinEx Staking & Earn Products

CoinEx offered staking, savings and AMM products and CET staking shared platform fee income with holders. Margin loans, Earn and staking stopped taking new subscriptions when the wind-down began and all non-spot services ended on September 22, 2026.

Trading Experience & Platform Features

CoinEx offered spot, margin and futures trading and was known for its long token list; all trading has now stopped. CoinEx Smart Chain and the OneSwap DEX also closed on September 29, while CoinEx Wallet and CoinEx Vault are separate products that the company says will keep operating. Users with remaining balances should withdraw through the official CoinEx website or app before December 22, 2026 and ignore messages that offer help recovering funds.

CoinEx FAQ

When is the CoinEx withdrawal deadline? Withdrawals close on December 22, 2026 at 02:00 UTC. USDT left after that moves to independent custody with a monthly fee of 5% of the original balance.

What happens to tokens left on CoinEx? From September 29, 2026, tokens with external liquidity are sold in batches and converted to USDT. Assets without external liquidity are no longer supported.

Will CoinEx Wallet keep working? CoinEx says CoinEx Wallet and CoinEx Vault are separate products that will keep operating after the exchange closes.

Data for our CoinEx overview comes from their CoinEx Official Website, CoinEx X (Twitter) Account. The OGAudit team provides this strictly for informational purposes, not financial guidance. See a detail that needs updating? Ping us via the contact form and we will correct it.