[CoinEx Announces Cessation of Operations and Initiates Orderly Withdrawal Process, Trading Platform to Officially Shut Down on December 22] Odaily Planet Daily News: CoinEx has issued an announcement stating that, after careful evaluation, it has decided to cease operations due to factors such as the prolonged downturn in the crypto market, a significant contraction in overall industry trading volume and liquidity, as well as rising regulatory requirements and compliance costs. CoinEx will begin an orderly shutdown process starting September 15. CoinEx emphasized that the platform's asset reserve ratio currently exceeds 100%, ensuring full reserve support for user assets. According to the schedule, CoinEx will cease all non-spot trading activities on September 22 and will halt all spot trading on September 29. CoinEx Smart Chain (CSC) and OneSwap will also cease operations on the same day. Withdrawal services will remain available until December 22, at which point the CoinEx trading platform will officially cease operations. CoinEx Wallet and CoinEx Vault are not affected by this shutdown and will continue to provide normal services.