Is KuCoin Really Spending $2 Billion on Trust, or Did Someone Drop a Decimal?
Centralized exchanges, not famous for their humility, have discovered (after only a few minor scandals, regulatory tussles, and a user base fading faster than champagne bubbles at a dull Mayfair luncheon) that their constituency cares about honesty and, of all things, compliance. Thus, on that fateful Wednesday—April 30, a day destined to be lamented or lauded by future fortune-tellers—KuCoin swept onto the scene with the “Trust Project,” tossing about $2 billion as if it were loose change scrounged from behind their CEO’s upholstered credenza.