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Crypto Exchange Volume in Ukraine Spikes As Currency Controls Introduced
Trading volume for Bitcoin and other cryptocurrencies on popular Ukrainian crypto exchange Kuna surged over 200% earlier today, according to CoinGecko. From under $1 million on February 21, trading volumes on Kuna reached highs of $4.8 million today, the highest volume seen on the exchange since May 2021, before stabilizing around $2 million. On Thursday, Russia launched a full-scale invasion of Ukraine, and a state of national emergency in has been declared in the country, including a ban on digital money transfers. chart Tens of thousands of Ukrainians are fleeing the conflict, as Russian troops today encircled ... (full story)