Following the DOJ indictment and CFTC charges announced last week, KuCoin has experienced a significant reduction in its market share and financial inflows. The cryptocurrency exchange saw its market share more than halve, from 6.5% to less than 3%, alongside a reduction in daily trading volume from $2 billion to $520 million. This has been accompanied by $1.2 billion in outflows, as investors withdraw funds across multiple digital assets amidst the regulatory scrutiny involving the platform's founders. Blockchain data has highlighted the rapid movement of funds away from KuCoin, indicating a loss of investor confidence following the U.S. charges.
🔥Kaiko: KuCoin's market share halved after US regulatory scrutiny KuCoin's market share has more than halved — from 6.5% to less than 3%, with daily trading volume dropping from $2 billion to $520 million. These assessments were provided by analysts at @KaikoData .🔎 The… https://t.co/UZgjzItqsL
Blockchain data shows that investors are fleeing KuCoin following U.S. charges announced last week, with sizable outflows and plummeting trading volume. Click to read: https://t.co/YzITQ5uJWu
Crypto Investors Flee KuCoin Following US 'Criminal Conspiracy' Charges ► https://t.co/oZFrztDQQU https://t.co/oZFrztDQQU
Cryptocurrency balances on KuCoin’s exchange fell across multiple digital assets as the platform navigates a regulatory probe involving its founders https://t.co/HiwtpQkJFC
JUST IN: @KUCOINCOM'S MARKET SHARE CUT IN HALF BY DOJ CHARGES - $1.2 BILLION OUTFLOWS
KuCoin market share halves alongside $1.2 billion in outflows after DOJ indictment and CFTC charges https://t.co/uSIYyGCFer