The Australian based cryptocurrency exchange CoinExchange.io will be shutting down on the 15th of October 2019, it has been serving the crypto community since 2016.
CoinExchange is currently listed on CoinMarketCap. The exchange was a small trading platform that had a weekly volume of $6 million yet it was serving a high number of trading pairs (around 400 trading pairs). It was a popular exchange among the low-budget new crypto projects and was known for its user friendly user interface, low trading fees and its prompt customer support.
This is purely a business decision and there has not been a security breach or any other type of incident. Unfortunately it is no longer economically viable for us to continue offering market services. The costs of providing the required level of security and support now outweigh our earnings.
Quoted from coinexchange announcement
The withdrawals will remain operational until the 1st of December 2019. So make sure to withdraw your funds before that date.
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