CoinEx will stop providing services to users in the United States, and the asset withdrawal deadline is April 24

ChainCatcher news, citing user emails reported by Crypto Slate, the cryptocurrency exchange platform CoinEx will stop providing services to U.S. users. Part of the message states, "Due to regulatory requirements, CoinEx can no longer provide services to U.S. citizens or residents." CoinEx requires U.S. users to withdraw their assets within 60 business days (by April 24) and stated that after that, it will "gradually disable the relevant accounts." The company identifies U.S. users through their IP addresses.

Previously, ChainCatcher reported that New York Attorney General Letitia James sued the cryptocurrency exchange platform CoinEx for failing to register as a securities and commodities broker-dealer in New York State. According to the New York Securities Law "Martin Act," some cryptocurrencies offered by CoinEx are considered commodities and securities, and the Attorney General's Office (OAG) was able to buy and sell cryptocurrencies on CoinEx, thus Letitia James is attempting to stop CoinEx from operating in New York through its website and mobile applications. (source link)