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.
A lot of exchanges are having problems with trading volume and this is probably the main reason for Coinexchange to close. I participated in this exchange last year and it is really difficult to trade because the coins at this exchange are not liquid well. As soon as I learned that the exchange was closed, I was quite sad because this was an exchange that helped me earn good money and they were always honest with all investors.
Now it's best to quickly withdraw money from this exchange and look for a better exchange in the future. The best advice would be to choose Bitmax because this is exchange that has been gaining a lot of interest recently.