USDT premiums soar on Ukraine's Kuna exchange
The last time USDT premiums spiked so suddenly on Kuna was during the initial stages of the COVID-19 pandemic in 2020. Against the backdrop of an ongoing Russian invasion, the price of Tether's USDT stablecoin soared to as high as 36.97 Ukrainian hryvnia (UAH) on Ukraine's Kuna exchange on Thursday. The total trading volume of all cryptos on the exchange amounted to about $4.4 million in the past 24 hours.During the same period, mid-market rates from foreign exchange data provider XE indicated that the UAH currency had only surged to a maximum of 29.89 per U.S. dollar. In other words, the....
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After Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on Kuna such as bitcoin, tether, and ethereum are trading for a significant premium.
Crypto in Ukraine Sees Premiums
The ongoing conflict continues in Ukraine after Russian troops invaded the territory. The United Nations (UN) estimates that roughly 100,000 Ukrainian citizens have fled the country during the last 24 hours.
Following the....
Kuna, a long-running native crypto exchange, sees a swift change in client activity amid currency controls and the hryvnia at all-time lows. Bitcoin (BTC) and altcoin trading volumes have surged at a major Ukraine cryptocurrency exchange in the aftermath of Russia's invasion, data shows.According to monitoring resource CoinGecko, on Feb. 24, volume at Kuna almost trippled to over $4 million.Crypto on the radar of UkrainiansAs the armed conflict with Russia began, the impact on the fiat currencies of both countries was immediately apparent.While the Russian ruble suffered noticeably more,....
The largest Ukrainian Bitcoin agency KUNA announces the launch of a crowdsale campaign for its cryptocurrency exchange. KUNA’s Bitcoin exchange was launched in March 2014 to allow customers easily and safely convert digital currency in local (UAH). The founder of KUNA agency Michael Chobanian announced the preparation of required financial documents for the crowdfunding on the December 2. However, considering the centralized control over cryptocurrency exchange services in Ukraine, KUNA exchange found it difficult to continue its work without major innovations. Secondly, there is no legal....
Through Bloomberg’s interview with KUNA’s Michael Chobanian, we can learn a lot about present-day Ukrainian life. The man’s job is to use cryptocurrencies to settle transactions at light speed. And to manage the crypto donations Ukraine gets from all over the world. Before the war, Chobanian was the name behind the KUNA exchange and the […]
The Ukrainian crypto community is reaching out to its international friends and colleagues. Ukraine is actively fighting for its freedom and independence with the Russian Federation! The Ukrainian crypto community is helping the army and activists fighting on the streets of Ukrainian cities. We know that victory and justice are on our side. We’re doing everything possible so that the Russian occupiers don’t take away our freedom. The Ukrainian crypto community asks to support our country, so the whole world can stop Russian aggression! You can help Ukraine with donations in....