CoinEx to shut down exchange operations by December 2026

CoinEx’s shutdown proves that a 100% reserve ratio can’t save an exchange from market death. Most controversial is their plan to impose a massive 5% monthly custody fee on any USDT left after December 22, effectively draining user balances that aren't moved immediately. Should an exchange be allowed to tax your assets just because they decided to close their doors? Is this a necessary security measure or a predatory final cash grab? What do you think?
This summary was generated by AI