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CoinEx Shuts Down in December and Buys Back CET

CoinEx Shuts Down in December and Buys Back CET

The Hong Kong-based exchange cites weak volumes and higher compliance costs as the reason. Spot, futures, and CET settlement will continue in phases until the shutdown on December 22.

Exchanges are platforms where you can buy, sell, and trade cryptocurrencies.

Crypto exchanges make it possible to swap coins, place orders, and manage a portfolio. There are both centralized and decentralized exchanges. Most exchanges have their own liquidity pools.