Kuna (company)
| Company type | Public Company |
|---|---|
| Industry | Financial Services, Cryptocurrency |
| Founded | 2016 (after ICO) |
| Founder | Michael Chobanian |
| Defunct | 2025 |
| Headquarters | Kyiv , Ukraine |
| Website | kuna |
Kuna (Ukrainian: Куна) is the first Ukrainian and CIS cryptocurrency exchange.[1][2]
History
Kuna was founded in 2016 by Michael Chobanian as the first cryptocurrency exchange in Ukraine and the CIS region.
During the 2022 Russian invasion of Ukraine, Kuna became a major fundraising platform in Ukraine, reportedly accumulating over $100 million in cryptocurrency donations.
Investigation and closure
The subject of a tax evasion investigation, in late January 2025 the company commenced an orderly shut-down[3] in the wake of an unannounced withdrawal of Internet connectivity to domestic customers ordered by the Shevchenkivsky District Court of Kyiv – this sanction was at the request of the Bureau of Economic Security of Ukraine (BEB).[4] The corporate decision having been made not to contest the matter, Kuna wrapped up operations completely on April 30, 2025 and ceased to exist.[5][6]
References
- ^ "How Ukraine is spending crypto donations". TechCrunch. March 2, 2022. Retrieved May 19, 2022.
- ^ Pimentel, Benjamin (March 17, 2022). "Ukraine crypto leader: 'Blockchain will help rebuild my country'". Protocol. Retrieved May 11, 2022.
- ^ ""It's time to take your crypto". The founder of the oldest cryptocurrency exchange in Ukraine, Kuna, announced its closure". dev.ua.
- ^ "Ukraine's Oldest Crypto Exchange, Kuna, Shuts Down After Authorities' Sudden Ban". Ainvest.
- ^ "Українська криптобіржа Kuna припиняє свою діяльність — Forbes.ua". forbes.ua. January 30, 2025.
- ^ "Ukraine's Oldest Cryptocurrency Exchange KUNA Shuts Down After Court Ban".