The Karura Swap crypto exchange was established by the Acala Foundation in 2019. Karura Swap is a decentralized AMM-based exchange on Kusama. It does not require users to go through the KYC verification process. Look above if you want to see the current Karura Swap trade volume.
Trading on Karura Swap is employed through swapping. Thus, there’s no Karura Swap spot trading. All Karura Swap trading pairs are crypto-crypto. The Karura Swap exchange fees are variable.
The KAR token serves as the native utility token of the Karura Swap cryptocurrency exchange. In addition to swapping, the platform offers liquid, LP, collateral staking, aUSD mining, bootstrapping, and a token bridge.
Karura was founded by Bette Chen, Bryan Chen, and 0xThreeBody.