Crypto Exchanges That Closed in 2026: Full Shutdown List, Dates and Reasons

Crypto exchanges closed for different reasons in 2026. Some could not justify new licensing costs. Others faced falling revenue, frozen assets or insolvency. Several DeFi platforms also retired their trading apps.

This report covers 18 exchanges and P2P marketplaces. Each has a dedicated Finlazo investigation. Some have stopped trading. Others still have withdrawal deadlines ahead.

Trading can end weeks before withdrawals close. A bankruptcy ruling may come later still. The broader directory of closed cryptocurrency exchanges places these events alongside earlier failures from other years.

Crypto exchanges that closed or announced shutdowns in 2026

How to read this table: A milestone can be the final trading date, frontend termination, bankruptcy order or announced withdrawal cutoff. The November Bity shutdown remains in the future. BitMart and EXMO.com still have unresolved customer-asset arrangements.

July had the most shutdown milestones in the covered list. This graph tracks our 18 investigations, not all exchanges worldwide.

Global exchanges: financial pressure, sanctions and customer claims

ProBit Global: Trading stopped, then withdrawal deadlines followed

ProBit Global ended spot trading on 28 January 2026. Standard withdrawal services ended later, and the operator scheduled complete termination for 1 April.

A late asset-return policy applied after the normal window. The platform cited regulatory change and restructuring, not a final court finding of bankruptcy.

LINE BITMAX: A Japanese exchange arranged yen refunds

Japan's LINE BITMAX ceased its crypto-asset exchange business on 1 June 2026. Its operator, LINE Xenesis, cited competition and a decision to focus resources elsewhere.

Users had a fee-waived withdrawal period; remaining coins were scheduled for conversion into yen and later refunds. This was a planned exit rather than a reported exchange hack or bankruptcy.

AscendEX: Funding problems left withdrawals uncertain

AscendEX stopped normal exchange operations on 1 July 2026. Its operator cited changing European rules, financial strain and unsuccessful recapitalisation.

Automated withdrawals were halted and management later discussed a claims portal and possible insolvency proceedings. The sources do not establish that every customer balance was repaid or that a final bankruptcy judgment had been entered.

EXMO.com: UK sanctions and the USDRecover claim token

EXMO.com announced a wind-down on 14 July 2026 after UK sanctions disrupted access to assets held by service partners. EXMO said 29.4% of user obligations were uncovered, citing sanctions-related freezes and a 2020 hack.

It replaced that portion with USDRecover, a non-withdrawable claim token. The company retained restricted conversions and withdrawals but gave no verified universal final withdrawal date.

Knaken: Dutch prosecutors intervened over a shortfall

Knaken followed a different path. A Rotterdam court declared its exchange business and related payments foundation bankrupt on 16 July 2026.

Prosecutors alleged an initial approximately €7 million gap in customer assets, alongside blocked customer accounts. Later creditor-claim totals and asset-sale proceeds must not be confused with a final customer recovery percentage.

BitMart: Trading ended; management then proposed new recovery options

BitMart stopped trading on 26 August 2026. Its earlier timetable anticipated full shutdown in January 2027, but later statements explored restructuring and a partial restart.

A September plan attributed $319.5 million of historical reserve depletion to losses including its 2021 hack. Proposed upfront distributions and longer-term claim tokens were not yet court-approved payouts.

BitMEX: A derivatives pioneer ended its order books

BitMEX ended trading on 23 September 2026, at 04:00 UTC, following HDR Global Trading's strategic review. The operator's original closure notice set out reduce-only restrictions and position closeouts.

Withdrawals and access to account records continued after trading ceased, subject to conditions and possible fees. Historical enforcement cases should not be substituted for the company's stated 2026 business reason.

CoinEx: The year-end withdrawal fee risk

CoinEx ended spot trading on 29 September. Its latest announced withdrawal cutoff is 22 December 2026 at 02:00 UTC, a future date as of this report.

Afterward, unclaimed USDT is subject to a stated monthly custody fee of 5% of the original cutoff balance. CoinEx also arranged a CET repurchase and said CoinEx Wallet and Vault would continue independently.

Brazil: retail brokers leave as licensing requirements change

Brazil's new virtual-asset rules pushed several brokers to exit. Each made its own decision. There was no single order closing every exchange. Their customer refund arrangements also differed.

NovaDAX: A last withdrawal date extended more than once

NovaDAX ended trading on 1 July. Its crypto-withdrawal deadline was extended twice, most recently to 30 October 2026. On 1 October the company reported that roughly 25% of its customers still had crypto to withdraw.

That measures customers, not a 25% loss of assets. The company planned to convert unwithdrawn tokens into reais and provide a later Pix route.

Digitra.com: A licensing plan reversed

Digitra.com ended normal trading on 8 September 2026 after deciding against a Brazilian authorisation application. The operator closed its broader custody and trading service, including for international customers.

Foxbit offered an optional customer route, not a blanket automatic asset migration. Digitra's notices also addressed DGTA token liquidity and different conversion arrangements for Brazilian and foreign customers.

Coinext: Trading shut, fiat repayments remained

Coinext ended trading on 15 October after saying new regulatory capital requirements made its brokerage uneconomic. An updated notice listed 16 October for requesting crypto withdrawals and conversion of eligible balances into reais from 17 October. The operator said BRL withdrawals through Pix would remain available, a company commitment rather than an independent confirmation of every transfer.

Bity: Partner migrations before the November deadline

Bity's announced closure is not yet complete. Its published timetable sets 18 November for assisted migration to Mercado Bitcoin or Bipa. Trading and crypto withdrawals end on 25 November.

Conversion into BRL begins on 27 November. Customers could alternatively withdraw to an external wallet. The company said it chose not to seek a new brokerage authorisation under Brazil's rules.

DeFi venues: when a frontend or perpetuals platform disappears

A DeFi exchange can close its website while its blockchain keeps running. Perpetuals venues also need to settle trades and release collateral. Trading volume is not a measure of customer losses.

Tapp Exchange: On-chain contracts might outlive the website

Aptos-based Tapp Exchange retired normal frontend access on 31 May 2026. Its team reported $1.95 billion in cumulative trading volume but did not provide a verified financial cause for the closure.

It said later withdrawals could require direct contract interaction. That was a proposed recovery method, not proof that every pool or wallet could still safely withdraw.

Loopring DEX: A recorded on-chain distribution followed

Loopring DEX stopped exchange and relayer activity on 28 June, citing adoption and design limitations. Its team later reported roughly $7.4 million distributed to 31,644 Ethereum addresses.

These are attributed programme totals, not a universal audit of every NFT and smart-wallet exception. The Ethereum blockchain itself did not close.

Satori Finance: High notional volume was not sustainable revenue

Satori Finance gave derivatives traders until 16 July to close positions and withdraw. Despite reporting about $134 billion in cumulative perpetuals volume, the team said revenue could not sustain operations.

Notional turnover does not show profits or missing customer balances. No verified universal post-closure withdrawal procedure was established in the reviewed reports.

Dango: The underlying chain was also scheduled to go dark

Dango planned to end perpetual trading on 29 July, then retire its Layer 1 on 13 August. It proposed oracle-price settlement and a return of remaining USDC to users' original Ethereum deposit addresses.

The team also described recovering funds after an earlier exploit. The operator's return instructions are not independent proof that every Ethereum refund succeeded.

Pingu Exchange: Arbitrum growth did not carry over to Monad

Pingu Exchange scheduled final trading settlement for 31 July. The team attributed the exit to a failed expansion to Monad and depleted resources.

It offered a 64.46 ETH exit-liquidity arrangement for certain early PINGU buyers, not every customer. It also said it could not honour its Monad points campaign.

P2P marketplace: NoOnes

NoOnes: Sanctions-related partner problems hit P2P trading

NoOnes ended its P2P marketplace on 21 August 2026 and moved into withdrawal-only operations. The company attributed the shutdown to sanctions-related disruption, loss of partner access and transaction restrictions.

It also disputed some characterisations of which legal entity was sanctioned. Its marketplace closure had particular consequences for users of African P2P payment routes.

Why did exchanges shut down in 2026?

The chart groups the 18 covered venues by business model. It does not imply that every category had the same financial or legal problems.

The reasons vary. A planned closure is not the same as bankruptcy or fraud.

Regulatory and strategic exits. Brazil's new rules influenced Bity, Coinext, NovaDAX and Digitra. ProBit and AscendEX also cited regulation alongside other pressures.

Revenue and capital pressures. Satori, Pingu and Dango reported that trading activity was not translating into a sustainable business. BitMart and AscendEX disclosed more complicated financing or asset problems.

Sanctions, insolvency and customer shortfalls. Knaken entered court-supervised bankruptcy; EXMO.com disclosed sanctions-linked freezes and uncovered customer liabilities. NoOnes described partner and transaction restrictions affecting its P2P marketplace.

DeFi shutdowns. Tapp, Loopring and Dango took different technical routes. A trading app can disappear while contracts remain on-chain. Their customer-return methods also differed.

What happens to crypto after a shutdown?

Some former customers can still request the original token through a withdrawal-only service. Others receive proceeds in reais or USDT after conversion. A DeFi liquidity provider might need to unwind an on-chain position, while an insolvency claimant must follow a legal administrator's instructions.

A displayed balance does not prove a withdrawal arrived. Keep transaction hashes, account records and official notices. Check the receiving network. Never share recovery phrases or pay strangers promising priority withdrawals.

Which well-known closures are excluded from the 2026 list?

Thodex shut down in 2021, despite later trials and appeals. Paxful's latest permanent wind-down began in 2025. DMM Bitcoin's account transfer completed in March 2025. None is a new 2026 shutdown.

Country-only trading-pair removals and temporary service suspensions are also excluded from the main count. Other platforms may also have closed during 2026. The count is 18 because those are the shutdowns with dedicated Finlazo investigations.

Sources, updates and methodology

Each of the 18 named exchanges above is linked to its own Finlazo article. Important shutdown dates and financial figures are linked to operator announcements, court records or contemporaneous reporting. Company claims about reserves, customer repayments and token distributions are attributed rather than treated as independent audits.

For historical timelines and further individual investigations, see the closed cryptocurrency exchanges research directory.

Last reviewed 25 October 2026. Any future date, proposed restructuring or incomplete claim process is labelled accordingly.