What happens to a person’s coins if the cryptocurrency exchange they use stops trading?

If a cryptocurrency exchange you use stops trading or goes out of business, the fate of your coins will depend on a few factors:

1. Self-custody wallets: If you have withdrawn your cryptocurrencies from the exchange and stored them in a self-custody wallet, you will still have full control over your coins. In this case, the exchange's closure will not directly affect your holdings.

2. Bankruptcy proceedings: If the exchange becomes goes bankrupt, there may be legal proceedings to distribute the remaining assets, including users' cryptocurrency holdings.

3. Exchange recovery or acquisition: Sometimes, another exchange may acquire or take over the operations of the defunct exchange.

4. Regulatory protections: In some jurisdictions, regulations may be in place to protect users' assets in the event of an exchange closure or insolvency.

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