Cryptocurrency Q&A
Why is KuCoin shutting down?
Why is KuCoin shutting down?
KimchiQueen
Tue Mar 25 2025
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5
answers
1398
I heard that KuCoin is shutting down and I'm wondering why. Is it because of regulatory issues or some internal problems? I need to know the reason behind this decision as I have funds stored on the platform.
5 answers
Giulia
Thu Mar 27 2025
The decision comes after the exchange's operator, Peken Global Limited, pleaded guilty to operating an unlicensed money transmitting business.
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Silvia
Thu Mar 27 2025
Peken Global Limited, which is based in Seychelles, admitted to the charge on Monday, January 21.
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EthereumEmpireGuard
Thu Mar 27 2025
As a result of the plea, KuCoin will be exiting the U.S. market for a minimum of two years.
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GyeongjuGrace
Thu Mar 27 2025
Cryptocurrency exchange KuCoin has announced its intention to withdraw from the U.S. market.
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CryptoVisionary
Thu Mar 27 2025
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet options.
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