KuCoin’s Bitcoin (BTC) reserves dip 77% as mandatory KYC sparks user exodus

Rumors of KuCoin implementing a compulsory Know-Your-Customer policy began circulating in June 2023. The June 28 confirmation intensified the debates across crypto forums and social media, triggering visible changes in the exchange’s user base. CryptoQuant data shows KuCoin’s BTC reserves started falling after the announcement. The trend persisted, reflecting user worries over privacy, safety of […]