Bitcoin News

CoinEx Resumes Withdrawals For Bitcoin, ETH, DOGE, SHIB And Other Crypto

CoinEx announces resumption of deposit and withdrawal services for BTC, ETH, DOGE, and SHIB and other top crypto.
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CoinEx Resumes Withdrawals For Bitcoin, ETH, DOGE, SHIB And Other Crypto

Crypto exchange CoinEx on Wednesday said it will resume deposit and withdrawal services for some top crypto including BTC, ETH, USDT, USDC, and others from tomorrow. After a week of closure due to a nearly $70 million hack, CoinEx has finally decided to open withdrawals for only some cryptocurrencies and promises to reintroduce more assets to deposit and withdrawal services.

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CoinEx Restarts Deposits and Withdrawal Services

CoinEx in an official announcement on September 20 revealed the resumption of deposit and withdrawal services. However, the crypto exchange is only resuming services for some crypto. It includes BTC, ETH, USDT (ERC20), USDT (TRC20), USDC (ERC20), TRX, LTC, BCH, BNB, DOGE, and SHIB.

Users can start making deposits and withdrawals for these crypto from September 21 at 08:00 UTC. CoinEx warns users to avoid using old addresses because crypto assets may get lost. The exchange will generate new deposit addresses for these assets.

“Given the anticipated increase in withdrawal requests in the upcoming days, there might be some delays in processing. As we ascertain system stability, we’ll progressively reintroduce more assets to our deposit & withdrawal services. Please stay tuned for our official updates.”

CoinEx promises that the new wallet system is stable, and it will gradually resume deposit and withdrawal services for more crypto assets. The exchange suffered a $70 million loss in a hack due to compromised hot wallet private keys.

Read More: CoinEx Faces $27.8 M Attack; ETH, TRON And Polygon Compromised

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Bitcoin, ETH, SHIB, DOGE Withdrawal Requests

CoinEx witnessed a rise in withdrawal requests for top crypto such as Bitcoin, Ethereum, Shiba Inu, and Dogecoin. Despite XRP recording more trading volume in the last few weeks, the exchange is not starting deposits and withdrawals for XRP.

Kaiko recently reported a significant rise in XRP liquidity after July’s court ruling in the Ripple vs SEC lawsuit. Moreover, the market depth has increased from $8 million in June to $12 million in September.

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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