List of Crypto Exchanges That Have Shut Down (2014 to Present)

Last updated on March 10th, 2024 at 04:48 am

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Not all companies can live forever, cryptocurrency exchanges are no exception. Some of them are victims of internal compromise, hacks or intentional acts by their founders.

For instance, in 2021, 103 crypto exchanges shut down even though Bitcoin reached its first-ever All-Time High of $69,044.77 (November 10, 2021).

Here is a list of over 400 crypto exchanges that have shut down since 2014 to date:

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2024

2023

From January till October 29, 2023, 64 crypto exchanges have gone under as earlier mentioned in our post due to the following reasons:

  • Scam: 7.8%
  • Just Disappeared: approximately 42.2%
  • Hacked: 1.56%
  • Business Reasons: 37.5%
  • Rebranding: 4.7%
  • Regulatory Reasons: 6.25%

The year hasn’t ended, so let’s watch out for volatility in the crypto sector.

2022

  • Exrates: 1-1-2022
  • Swaplab: 1-1-2022
  • EtherMium: 3-1-2022
  • BHEX: 11-1-2022
  • AOFEX: 12-1-2022
  • Bitcoin Of America: 12-1-2022
  • eINTRO: 12-1-2022
  • Linkkoin: 12-1-2022
  • BTC Exchange: 12-1-2022
  • xFutures: 12-1-2022
  • CoinPark: 12-1-2022
  • Jubiter: 12-1-2022
  • AllCoin: 12-1-2022
  • BitClude (rebranded): 13-1-2022
  • OKEx (rebranding): 18-1-2022
  • Artis Turba: 28-1-2022
  • CoinBene: 1-2-2022
  • SatoExchange: 1-2-2022
  • Simex: 1-2-2022
  • Crex24: 9-2-2022
  • SaBi: 1-3-2022
  • LinkCoin: 1-3-2022
  • IDCM: 28-4-2022
  • BaseFEX: 1-5-2022
  • Cryptster: 1-5-2022
  • Dove Wallet: 4-5-2022
  • NebliDex: 1-6-2022
  • MyCoinStory: 8-6-2022
  • TronTrade: 10-6-2022
  • Xena Exchange: 30-6-2022
  • DeversiFi (rebranded): 14-7-2022
  • Bexplus: 18-7-2022
  • TOKOK: 31-7-2022
  • GokuMarket: 1-8-2022
  • Hoo Exchange: 17-8-2022
  • VCC Exchange: 1-10-2022
  • Mexo Exchange (rebranded): 3-10-2022
  • ACDX Exchange: 8-10-2022
  • Swirlwallet Exchange: 10-10-2022
  • VELIC: 11-10-2022
  • Bithesap: 31-10-2022
  • Mercado Athena: 1-11-2022
  • BQT: 1-11-2022
  • BitPrime: 1-11-2022
  • Deex.Exchange: 1-11-2022
  • Float SV: 1-11-2022
  • Globitex: 1-11-2022
  • Paritex: 1-11-2022
  • Cybex DEX: 1-11-2022
  • Morrex: 1-11-2022
  • Bits Blockchain: 1-11-2022
  • MBAex: 1-11-2022
  • MOV Exchange: 1-11-2022
  • PrizmBit: 2-11-2022
  • FTX: 11-11-2022
  • BitCoke: 13-11-2022
  • EQONEX: 22-11-2022
  • DDEX: 1-12-2022
  • LocalCryptos: 1-12-2022
  • WBF Exchange: 1-12-2022
  • qTrade: 16-12-2022

2021

crypto_exchange_failures_2021
  • Anyswap: 16-12-2021
  • Binance JEX: 1-12-2021
  • Biki: 20-11-2021
  • Bingbon (rebraded)
  • Coineal
  • EXX
  • Kryptono
  • SprinkleXchange
  • MultiSwap: disappeared with no reason
  • Cash2PM: disappeared with no reason
  • EMX: disappeared with no reason
  • Burst Asset Exchange: disappeared with no reason
  • Fintechonex: disappeared with no reason
  • Cryptox: disappeared with no reason
  • Tidebit: disappeared with no reason
  • RightBTC: disappeared with no reason
  • HCoin Exchange: disappeared with no reason
  • CRXzone
  • BitBay
  • Linkswap
  • Poloni DEX
  • 1nvity.io
  • Bitinfi
  • EXNCE
  • Saturn Network
  • World Markets
  • MixCoins
  • Loopring Exchange
  • BiONE
  • Daybit
  • LOEx Global
  • BitRabbit
  • Braziliex
  • RADAR RELAY
  • BEPSwap
  • JustSwap
  • Bit-Z
  • Coinfloor
  • Hydax
  • FinanceX
  • Bitribe
  • Bitcoin.com Exchange
  • Bidesk
  • CoinHe
  • Bitalong
  • Bgogo
  • Bitsonic
  • Xtheta Global
  • CoinEgg
  • Swiftex
  • UPEX
  • USD-X
  • CoinX.pro
  • CCXCanada
  • ACX
  • Bitsdaq
  • BitAsset Exchange
  • Vinex Network
  • BBX
  • Bitmaszyna
  • LongBit
  • LakeBTC
  • Folgory
  • DueDEX
  • ATOMARS
  • Joyso
  • COINBIG
  • Einax
  • Covesting.io
  • Gobaba
  • Hubi
  • MXC
  • HitBTC
  • BKEX
  • C2CX
  • Vebitcoin
  • Sistemkoin
  • Thodex
  • HBTC
  • Eterbase
  • Bitit
  • Rfinex
  • Lukki Exchange
  • Piexgo
  • Metal X Exchange
  • BitMax
  • Allbit
  • iCE3
  • Coinhub
  • Trade by Trade
  • 6x
  • UniDAX
  • Crypterum
  • Coinall
  • dex.blue
  • KuMEX
  • TokensNet
  • HB.top
  • GBX Digital Asset Exchange
  • DSX
  • Ternion
  • Coinsuper
  • KKCoin
Also Read:  FULL LIST: Bill Gate, Kanye West, 22 Richest Twitter Accounts That Were Hacked In Crypto Scam

2020

In 2020, 96 crypto exchanges stopped operations due to scams, hacks and other several other reasons. The affected ones and the date of their collapse are:

On the new year, January 1, 2020, three exchanges spoilt the mood of the customers by their news of collapse, they are:

  • WCX
  • The PIT
  • DFlow

Chilebit.net and VirWox: January 6, 2020

  • HBUS: January 31, 2020
  • Unichange: February 1, 2020
  • Altsbit: February 6, 2020
  • Cobinhood: February 10, 2020
  • Chainrift: Feb. 14, 2020
  • Vbitex: February 17, 2020
  • Fcoin Exchange: Feb. 18
  • Bitbox: Feb. 28

On March 1, 2020, three exchanges closed shops:

  • Trade Satoshi
  • Easyrabbit
  • Crypto Dao
  • BTCbear and 3XBIT: March 2
  • Sparkdex: March 4
  • Koineks: March 6
  • Coinchangex: March 10
  • Purcow and CredoEx: March 16
  • Neraex and CoolCoin: March 17
  • Fisco: March 19
  • ZG.top: March 20
  • Coinrate: March 22
  • Bitlish: March 30

Four stopped operations by the end of March 2020:

  • ICOCryptex
  • Stellar DEX
  • LEOxChange
  • IDAX

GuldenTrader: April 1, 2020

OmniTrade: April 7

Over 10 exchanges called it quit on May 1, 2020:

  • TOPBTC
  • ChaoEX
  • CoinMex
  • 55 Global Markets
  • CoinZest
  • CryptoDerivatives
  • Coinfinit
  • Hodly
  • Nexybit
  • OOOBTC
  • TiDeal
  • Coinrail
  • ExtStock: May 4, 2020
  • DEx.top: May 11
  • OpenLedger DEX: May 15
  • Bitqist: May 21
  • BTCEXA: May 30
  • Token.Store: June 22
  • Nocks: July 1
  • Lucent Exchange: August 1
  • FEX: August 14

On September 1, 2020, it was red among traders in the crypto community as over a dozen exchanges closed down:

  • QBTC
  • Efin.cx
  • CryTrEx
  • ANXPRO
  • Bitrush
  • FUBT
  • NLexch
  • Blockonix
  • Orderbook.io (rebranding)
  • TokenJar
  • Instant Bitex
  • CashFinex
  • Krypto Connection
  • Hotbit: September 8
  • Bitunio: September 16
  • IQFinex: October 1
  • BOA Exchange: October 5
  • Bitnaru: October 10
  • NZBCX: october 19
  • BitMesh: October 20

Exchanges that either stopped operations or rebranded on November 1, 2020:

  • Baobi
  • XCH4NGE
  • Coinplace
  • HaloDEX
  • BayBit.io
  • Trustdex
  • GetBTC
  • Shortex: Novermber 24
  • AlfaCashier: November 24
  • Livecoin and Altilly: December 23, 2020

Affected one on December 27, 2020:

  • Negocie Coins
  • CPDAX
  • CoinLim
  • Nanu Exchange
  • TAGZ
  • Ovis

Bankera and CryptalDash: December 28, 2020

MercuriEx ended the year with unpalatable news of closure to its customers on December 31, 2020.

2019

In 2019, 83 crypto exchanges including centralized exchanges, decentralized exchanges, crypto shops, and P2P marketplaces closed down. They are:

Also Read:  10 Largest Cryptocurrencies

Eight exchanges that shut down on January 1, 2019 are:

  • Rippex
  • EthexIndia
  • TCC Exchange
  • 247Exchange
  • Coinpit
  • Ecoin
  • MonkeyCoin
  • WEX
  • FYB-SG: January 8, 2019
  • Liqui: January 28, 2019
  • QuadrigaCX: January 31, 2019

Four exchanges closed shops on February 26, 2019:

  • Abucoins
  • OasisDEX
  • Gocio
  • Magnr
  • Bitlio: March 1, 2019
  • CoinWinEx: March 5, 2019
  • EasyCoin.pl: March 7, 2019
  • Fargobase: Marhc 8, 2019
  • Gatecoin: March 13, 2019
  • Coinbe: March 14, 2019
  • Coindelta: March 30, 2019
  • DragonEX: April 1, 2019
  • Stronghold: April 5, 2019
  • Coinnest: April 16, 2019
  • Coinroom: April 18, 2019
  • UEX: April 26, 2019
  • Nanex: April 30, 2019
  • Cryptonit: May 15, 2019
  • Cryptopia: May 15
  • BarterDEX: june 8, 2019
  • BTC38: June 12, 2019
  • BTCBank: June 12, 2019
  • Bytex: June 13, 2019
  • Bitsane: June 17, 2019
  • Chaince: June 17
  • LocalCoin: June 17
  • AnyBits: June 17
  • C-CEX: June 19
  • Koinex: June 27
  • ExcambioRex: July 1, 2019
  • Tux Exchange: July 6, 2019
  • BitMarket: July 8, 2019
  • Digax: July 12, 2019
  • NIX-E: July 17, 2019
  • Ore.bz: July 18, 2019
  • Xbit Asia: July 20
  • RDAX Exchange, DC-Ex, Cryptobulls: August 1, 2019
  • Bitholic: July 8, 2019
  • BITKER: August 2
  • Triple Dice Exchange: August 12
  • SatoWalletEx: August 25
  • DOBI Trade, BX Thailand: August 30, 2019
  • Worldcore, Nova Exchange: October 7, 2019
  • Aphelion: October 8, 2019
  • Ethfinex: October 12, 2019
  • CoinExchange.io, Escodex: October 15, 2019
  • Trade.io: October 21, 2019
  • BiteBTC, Fedlio: November 1, 2019
  • Cezex: Novermber 8
  • Dach Exchange: Novermber 13
  • Letsdocoinz: Novermber 16
  • CoinAsset: Novermber 18
  • BCoin.sg, EzBtc: Novermber 19, 2019
  • Iquant: Novermber 20
  • TRXMarket: Novermber 29
  • CryptoBridge DEX: December 3, 2019
  • BITSSA, Bitibu: December 5, 2019
  • Enmanet: December 7
  • KiwiCoin Exchange: December 9, 2019

On December 11, 2019, four exchanges shut down, they are:

  • OEX,
  • Nxt Asset Exchange,
  • OmniDEX, and
  • ZG.com ceased
  • OTCBTC: December 31, 2019

2018

In 2018, 23 crypto exchanges stopped operation due to rebranding, hacking, business reasons, scams, while three of them completely disappeared.

  • DABTC: January 1, 2018
  • Brighton Peak: January 1, 2018
  • Bter: January 1, 2018
  • SpaceBTC: January 1, 2018
  • Ripple China: January 13, 2018
  • BCC Exchange (BitConnect Coin): January 13, 2018
  • BL3P: January 30, 2018
  • BitGrail: February 2, 2018
  • BTCXIndia: March 6, 2018
  • Mr. Exchange (Mr. Ripple): March 28, 2018
  • CoinsMarkets: April 2, 2018
  • Coinsecure: April 9, 2018
  • Urdubit: April 12, 2018
  • CoinEx Market: July 23, 2018
  • Quoinex: Septemebr 11, 2018
  • Qryptos: Septemebr 11, 2018
  • HADAX: Spetmber 19, 2018
  • Cfinex: October 15, 2018
  • MapleChange: October 28, 2018
  • BitFlip: November 14, 2018
  • ChangePro: November 15, 2018
  • QuickBT: December 10, 2018
  • Cubits: December 11, 2018
Also Read:  Visa Plans to Integrate 61 million Merchants With Digital Currency Platforms

2017

CHBTC: There was no news of exchange collapse in 2015 and 2016 until 2017 when a Chinese-based crypto exchange CHBTC announced to its users on October 7, 2017, that it was stopping Bitcoin trading.

After carefully considering the “Seven Regulatory Bodies’ Announcement on Preventing Risks Associated with Token Fundraising”, CHBTC has stopped new user registration from September 15th, and will stop all trading functionality from 12:00 PM (UTC+8) on Saturday, October 7th”

It completely closed the shop due to regulatory reasons. And that was the end of CHBTC.

2014

Mt. Gox: Mt. Gox used to be the earliest and biggest Bitcoin exchange. But in February 2014, it was hacked and that was the end of Mt. Gox operations.

Cause: Hacked

Percentage of Shutdown

  • 23.87% of 431 shut down in 2021
  • 22.27% closed down in 2020
  • In 2019, 19.26% stopped operations
  • In 2022, 14.15% exchange shut down
  • In 2023, 14.62% of this number shut down 
  • One was affected in 2014 and 2017

NOTE: Apart from exchanges that closed shops because of scams, hacks, and business reasons, also included in this list are exchanges that rebranded.

  • A comprehensive list on cryptowisser.com’s Exchange Graveyard shows that 42.69% of failed crypto exchanges since 2014 “just disappeared” without a trace. There was no explanation or official statement about their closure.
  • Approximately 12.3% rebranded or changed their mode of operations. For instance, Bgogo stopped centralized trading on bgogo.com before August 31, 2021, and urged its users to move to its decentralized platform at gogoswap.finance.
  • 7.89% of the failed crypto exchanges was due to scam e.g Folgory, Lukki Exchange, Coinplace etc.
  • 7.66% was unable to continue business due to regulatory reasons e.g Binance JEX, Sweden-registered exchange Btcswe, Brokereo, Japanese-registered Liquid, Cryptster etc.
  • Thodex Platform, Netherlands-based exchange Altilly, and CryTrEx among others are among the 3.94% that shut down due to hacking.
  • Turkey-based Sistemkoin, Metal X Exchange, Coinsuper Exchange, and Shortex among others are among the 2.78% that have gone under due to business reasons.

Reasons

From regulatory issues, security breaches, and technical issues, scam intent to negative publicity, there are several reasons an exchange may fail as we’ve seen in the past since the popularity of Bitcoin.

But the most ridiculous one that is capable of causing trust issues in the crypto community is some crypto exchanges that were established with the intent to defraud users.

Examples of the exit scams include Bitconnect by Satish Kumbhani, FTX operated by Sam Bankman-Fried, and LUNA by Do Kwon

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