CoinEx layoffs — Sep 15, 2026

CoinEx to Cut 100% of Workforce as Exchange Announces Closure on Sept. 15, 2026

Hong Kong-based cryptocurrency exchange CoinEx announced on Sept. 15, 2026, that it will cease operations and lay off its entire workforce. The company did not disclose the number of jobs affected.

CoinEx attributed the decision to a “prolonged downturn” in the cryptocurrency market and rising regulatory requirements across the industry. The company’s announcement places the workforce reduction in the market category, with operations ending rather than continuing under a reduced staffing structure.

CoinEx is a Hong Kong-based crypto exchange that provides a platform for cryptocurrency trading. In its announcement, the company said its asset reserve ratio remained above 100% and that all user assets were fully backed and available for withdrawal in full.

The company did not provide further details on the timing of the shutdown, the transition process for employees or the future of its platform. It also did not disclose the total number of employees affected. No additional operational outlook was provided beyond the decision to cease operations.

Sources: Reuters