Leading cryptocurrency exchange, KuCoin, is facing backlash as users around the globe report the sudden cancellation of their spot limit orders on all USDT pairs.
The unexpected action comes without any prior notice from the exchange, leaving traders concerned and frustrated, without an official response from KuCoin regarding the situation.
Coinbase followed a similar action on June 26th, cancelling all SHIB-USDC buy/sell orders older than 90 days and below 90% of current price or above 100x of current price. Coinbase did however provide prior notice on this action.
The abrupt cancellation of KuCoin orders has raised concerns about their transparency and led to speculation about something bigger which may be brewing in the crypto space surrounding the surge of unusual cancellation of orders.
#KuCoin #USDT #SHIB #Coinbase #LimitOrders $USDC
