Grinex Exchange: What Happened and Why It's Gone

When you hear Grinex exchange, a now-defunct cryptocurrency trading platform that operated in Thailand. Also known as Grinex.io, it was one of several local exchanges trying to compete in a market dominated by global giants like Binance and OKX. Grinex didn’t disappear because of a hack or scandal—it faded quietly, like many small exchanges that never built real liquidity, user trust, or technical reliability.

It’s not alone. BX Thailand, Thailand’s first major crypto exchange, trusted for THB trading shut down in 2020 after falling behind. Grinex exchange, a similar local platform with limited features followed the same path. Both struggled with the same problems: thin trading volume, slow customer support, and no clear roadmap. Users didn’t leave because of bad prices—they left because they couldn’t trust the platform to work when it mattered.

Thailand’s crypto scene is full of these ghosts. Many exchanges popped up promising low fees and easy THB deposits, but few kept up with security updates, regulatory changes, or user demand. The ones that survived—like Bitkub or DigiFinex—did so by investing in real infrastructure, not marketing hype. If you’re looking at a small exchange today, ask: Is there active trading? Are there real customer reviews? Has the team posted anything in the last six months? If not, it’s already dead.

What you’ll find below isn’t a list of active exchanges. It’s a collection of stories about platforms that promised a lot but delivered nothing. From abandoned airdrops to silent exchanges, these posts show you how to spot the warning signs before your money disappears into thin air. You won’t find a guide to buying crypto here—you’ll find a guide to surviving the crypto jungle.