KuCoin has reported significant outflow of assets, including Bitcoin, Ethereum and USDT
assets dropped by 4% to 17,617.5, ETH assets decreased by 3% to 148,125, and USDT assets fell by 4% to 837 million, compared to the previous month's data.
According to DefiLlama, KuCoin has experienced a net outflow of approximately $118 million in the past month. This outflow is significant and warrants a closer look at the current market dynamics that could be influencing these movements. Kucoin released the latest asset reserve certificate. The user's BTC assets were 17,617.5, a decrease of 4% from the last time ; the user's ETH assets were 148,125, a decrease of 3%; the user's USDT assets were 837 million, 4% lower than last time.…Several factors could be contributing to this trend. First, the overall market has been experiencing a period of uncertainty and volatility, which often leads to investors moving their assets to perceived safer havens.
Second, the regulatory landscape is becoming increasingly complex, with more countries tightening their grip on cryptocurrency exchanges. This could have led to a loss of confidence among KuCoin users, prompting them to withdraw their
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