Kuna cryptocurrency exchange is based in Ukraine and has been operational since 2016. A consortium of three enterprises with headquarters in the United Kingdom (Kuna Fintech Limited), Lithuania (UAB Kuna Pro), and Canada (FlexyPay Inc) have come together under the brand name Kuna. Apart from trading, Kuna offers a huge variety of other tools, including API, Kuna Pay, Kuna Code, Kuna Money, Kuna Extensions, UAX stablecoin, and Kuna XO.
Kuna cryptocurrency exchange is accessible on mobile devices and the web. KYC verification is necessary in case of large transactions.
Markets
Users have the option of trading on the Kuna spot market, as well as buying and selling cryptocurrencies using fiat currencies such as the Ukrainian hryvnia and the USD. Hence, it allows both crypto-crypto and crypto-fiat trading. There are around 40 different Kuna trading pairs available. Additionally, users have the option of exchanging hryvnia for the Ethereum-based stablecoin UAX at a predetermined rate of 1:1.
Kuna differs from other cryptocurrency exchanges in that it does not provide investment programs or leverage, and its paid accounts have lower costs compared to other platforms. The Kuna trade volume changes depending on the supply and demand dynamics.
Additionally, the exchange operates with its own cryptocurrency known as KUN. The token was issued through the KUNA Exchange Crowdsale campaign. Besides, note that the token is based on the WAVES blockchain platform. It was created with a fixed supply of 1 million tokens. Token holders of KUN can use the token to pay for the platform's PRO-account mode, for the listing of new coins on the exchange, and for reducing commissions on bids.
Talking about Kuna exchange fees, there's a flat 0.25% fee. Besides, the exchange does not employ the maker-taker model. Though it does have various Kuna crypto fees for withdrawals that differ based on the asset. For instance, Bitcoin withdrawals cost 0.0005 BTC.
Other Services
Kuna crypto exchange provides a number of intriguing features. For instance, it offers Kuna Codes, which is a tool that allows users to transfer assets between accounts in Kuna or outside of it using only a code.
Also, there's Kuna Money, which allows users to buy and sell crypto assets using Visa and Mastercard UAH cards.
Moreover, the platform offers Kuna Extensions, which allows users to download apps and browser extensions developed by the Kuna community.
Furthermore, Kuna provides businesses with API that allows them to build their own Kuna-based applications.
Lastly, there's Kuna Pay, which is a payment processing platform. It allows the processing of both – cryptocurrencies and fiat payments.
About the Company
The Kuna cryptocurrency exchange is a controlled digital currency trading platform that operates out of Ukraine. Kuna Fintech Limited is responsible for the operation of the platform, which is conducted in accordance with the laws of England and Wales.
Michael Chobanian initiated the development of the Kuna Exchange in 2016. He is well-known for his many successful business ventures, including the establishment of Inlight Consulting and Silenica Digital, among others.
Chobanian has a wealth of expertise in management, having served as the CEO of both Vulkanit and ITC. In addition to that, he was the one who established the Bitcoin Foundation in Ukraine. Besides, he serves as president of the local Blockchain Association. However, as of January 2023, Simon Kaploushenko is in charge of running the company.
