Crypto exchange KuCoin has seen its market share of daily trading volume decline by half in recent weeks, according to Kaiko, a blockchain research and analytics firm.
Before the charges, KuCoin’s daily trading volume stood at $2 billion. However, the charges brought about a drop in the daily volume by approximately 75% to $520 million. In addition, KuCoin users’ Bitcoin holdings in March dropped by 25.4% to 12,114 BTC, while Ethereum balances declined 22% to about 112,000 ETH. The Tether held by users also went down about 22% to 693 million USDT.this trend, with over $843 million worth of digital assets withdrawn from the platform in the past week alone.
The DOJ said that the exchange facilitated over $9 billion laundering and intentionally circumvented U.S. anti-money laundering and know-your-customer regulations by falsely
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Canon Aims to Achieve Overwhelming Market Share in Mirrorless Camera MarketCanon's 2024 corporate strategy includes the goal of becoming the number one player in the mirrorless camera market. The company plans to establish an absolute position in the market by expanding its EOS R system and targeting video-oriented customers. Canon already leads in interchangeable lens mirrorless sales in the United States, but aims for a more dominant position.
Source: petapixel - 🏆 527. / 51 Read more »
Home Price Cuts Slow as Housing Market Takes a TurnHome builders appear to be feeling more confident about the housing market amid mortgage rate declines.
Source: Newsweek - 🏆 468. / 52 Read more »
Comparison of EV Market Share in European Countries, China, and the USThis article compares the EV market share of 15 European countries, China, and the US. Norway leads with 81.5%, followed by Sweden with 33%.
Source: cleantechnica - 🏆 565. / 51 Read more »
EV Market Share in 17 Countries — USA, China, & 15 European CountriesClean Tech News & Views: EVs, Solar Energy, Batteries
Source: cleantechnica - 🏆 565. / 51 Read more »
European plastics industry 'in trouble' as market share fallsEurope's share of global plastics production has fallen while China's output now accounts for a third, an industry report showed Tuesday.
Source: physorg_com - 🏆 388. / 55 Read more »
BYD Wants 5% EV Market Share In Europe Before Starting Local ProductionThe company's Hungarian plant will eventually be able to build 300,000 vehicles annually
Source: Carscoop - 🏆 306. / 63 Read more »