๐จ BRAZIL: COINEXT IS SHUTTING DOWN ITS EXCHANGE โ PAY ATTENTION TO THE DEADLINES FOR TRADING AND WITHDRAWING FUNDS
Brazilian platform Coinext has confirmed it is shutting down its cryptocurrency trading and custody services.
โ ๏ธ If you have funds on this platform, pay attention to the schedule.
๐
KEY DATES (Argentina and Brasรญlia time)
๐ธ 15/10, 23:59: last chance to sell cryptocurrencies on Coinext.
๐ธ 20/10, 23:59: deadline to request cryptocurrency withdrawals to another wallet or platform.
๐ธ From 26/10: Coinext will begin liquidating any cryptocurrencies still in its custody at market price and crediting the equivalent in Brazilian reais (BRL).
๐ธ Withdrawals of balances in reais will remain available, with no deadline announced.
๐ก๏ธ WHAT SHOULD YOU DO IF YOU HAVE FUNDS?
1๏ธโฃ Go directly to the official website or app and check your balances.
2๏ธโฃ Consider selling before 15/10 or requesting a withdrawal of your cryptocurrencies before 20/10.
3๏ธโฃ If you transfer funds to another wallet, carefully verify the address and network used. A mistake could result in the loss of funds.
4๏ธโฃ Donโt expect a guaranteed price in the automatic liquidation: it will depend on market conditions.
๐ OUR TAKE
Coinextโs closure comes amid regulatory changes and restructuring in Brazilโs crypto sector.
This does NOT mean that Brazil has banned cryptocurrencies or that all platforms are shutting down.
โ IMPORTANT: Coinext (Brazil) and CoinEx are different platforms.
๐ ALERT / REGULATION / PREVENTION
#Coinext #brasil #CRฤฐPTO #Security