This is the proof that only exchanges that have potential are can survive in the market. There are now a lot of exchanges that are been closed down because they cannot survive in the market challenges. The competition is also the reason why they announce that they will close.
Means that Coinexchange is not able to compete with emerging exchanges. Maybe the reason for the closure of Coinexchange is because it is lacking or the volume is a little so it decided to close, but I am proud because I was once part of Coinexchange trading.