Ukraine Crypto Exchange Kuna Trading Volume Triples Despite Crisis
Market News
- Ukraine crypto exchange Kuna trading volume tripled despite Russia’s attack.
- While Bitcoin is experiencing a decline, the exchange’s trading volume has surged to over $2 billion today.
Despite how Russia is aggressively bombing Ukraine, the trading volume of Ukraine’s major cryptocurrency exchange Kuna has tripled hugely since yesterday. The exchange’s 24-hour trading volume has recorded a groundbreaking $2 billion as of today.
Without exaggeration, the performance of the exchange’s 24-hour trading volume is on ultra bullish mode portraying that it has geared up for a massive bullish run.
Crypto price analyst Watcher.Guru reacted in a tweet:
JUST IN: 🇺🇦 Ukrainian #crypto exchange Kuna has more than tripled its volume since Friday!
— Watcher.Guru (@WatcherGuru) February 25, 2022
While the exchange remains versatile in performance, its statistics on the coin information website CoinMarketCap showcase that Russia’s attack had a little negative impact on crypto activities in Ukraine. Moreover, the Kuna trading volume skyrocketed, indicating that the Ukrainians have partly divided their attention for crypto while still focusing on battling with Russia.
In contrast, Russia’s aggression on Ukraine seems to have become a pillar, dragging a sharp decline of Bitcoin (BTC). While the BTC market seems to be experiencing a dip after President Vladimir Putin declared a special military operation to harm Ukraine, the Kuna exchange started to rise.
Just this morning, Bitcoin saw a sharp decline as low as $35K before it rebounded to a decent price of $38,738.11, according to CoinMarketCap. Nevertheless, regardless of how the market remains unstable this time, Bitcoin still reigns as the world’s largest cryptocurrency by market cap.
