CoinEx Spot Trading Ends Sept 29: What Users Must Do Now
CoinEx stops all trading on Tuesday and sells leftover tokens other than USDT. Here is the checklist before the exchange shuts for good on 22 December.
Anyone who still has coins on CoinEx has two days left to act. The exchange, which announced on 15 September that it will close after nine years, ends spot trading on 29 September 2026. From that day, open orders are cancelled, its CET token is bought back automatically, and leftover coins other than USDT are set to be disposed of. Withdrawals stay open until 22 December, but the safest move is to pull your funds out now.
Key takeaways
- Spot trading on CoinEx ends on 29 September 2026. Unfilled orders will be cancelled.
- From 02:00 UTC on 29 September (7:30 am IST), coins other than USDT that are still on the exchange are scheduled for disposal.
- Any CET left is bought back automatically at $0.005 per token.
- Withdrawals close at 02:00 UTC on 22 December 2026 (7:30 am IST).
- USDT left after that is moved to custody with a 5% monthly fee.
The shutdown timeline so far
CoinEx is closing in stages. On 15 September it stopped new sign-ups and referral rewards, put futures into "reduce only" mode, and stopped new subscriptions to Earn, staking, margin and loans. On 22 September every service except spot trading ended: deposits stopped (apart from CET, which can be deposited until 29 September), open futures positions were settled at the index price, and Earn and staking products were redeemed.
The next step is the big one. On 29 September, spot trading stops, CoinEx Smart Chain and OneSwap stop running, and the automatic CET buyback runs for anything left. The exchange itself closes on 22 December 2026, nine years to the day after it launched.
Checklist for CoinEx users
- Cancel or finish your trades before 29 September. If you want to swap a small coin into USDT or BTC, do it now while the order book is still open.
- Withdraw everything that is not USDT before 02:00 UTC on 29 September (7:30 am IST). After that, CoinEx says non-USDT assets are scheduled for disposal, so do not leave altcoins sitting there.
- Decide what to do with CET. You can sell it on the CET/USDT pair, which has no trading fee, or let it be bought back at $0.005.
- Send funds to a wallet or exchange you control. Double-check the network (for example TRC-20 vs ERC-20 for USDT) and send a small test amount first.
- Save your records. Download your trade history and withdrawal receipts. You need them for Indian tax filing, and for any claim later.
What if I miss the deadline?
USDT still on CoinEx after 22 December will be moved into separate custody. CoinEx will charge a monthly fee of 5% of the balance recorded at the end of the withdrawal window, so a forgotten balance shrinks quickly. Claims can be made by email until 22 August 2028. CoinEx says its reserves cover more than 100% of user assets, but there is no reason to test that.
Why CoinEx is closing
The exchange blamed a long crypto downturn, falling trading volumes and compliance costs that it said had "exceeded reasonable boundaries". It is the second long-running offshore exchange to wind down this month, after BitMEX stopped trading. Both are reminders that an exchange account is not a savings account: the platform can close, pause withdrawals or be hacked, as Bitget users found out this week.
Tax note for Indian users
Moving coins from CoinEx to your own wallet is not a sale, so it is not taxed. Selling coins for USDT before the deadline is a transfer, and any gain is taxed at 30%. If you trade on an offshore exchange, the 1% TDS is not deducted for you, so keep records and account for it when you file. Our crypto tax calculator can help, and our guide on withdrawing crypto to an Indian bank account covers the next step. Read the original CoinEx shutdown story for the full background.
FAQ
When does CoinEx stop trading?
Spot trading ends on 29 September 2026. All other products ended on 22 September.
What happens to coins left on CoinEx?
From 02:00 UTC on 29 September, non-USDT assets are scheduled for disposal, and CET is bought back at $0.005. USDT can be withdrawn until 22 December, after which a 5% monthly custody fee applies.
Is withdrawing from CoinEx taxable in India?
No. Moving your own coins to another wallet is not a sale. Selling or swapping them is a taxable transfer at 30%.
This article is AI-assisted, educational and general in nature. It is not financial advice and never a guarantee of profit. Every trade is at your own risk on your own exchange. See our risk disclosure and editorial policy.
