Is KUCOIN in trouble?

[Suman1]

Indeed, after a long wait, it has finally resumed services here in my country again following local regulations which forced them to enforce TDS on every transaction we made mainly on P2P and sell orders. But I know this resulted in many of us shifting to other major alternatives like Bitget, Bybit, Gate etc. These are very user-friendly with huge volumes.

[Potato Chips]

You mind telling us which country for discussion's sake?

Presently, they have a case in the US. Maybe it'll end by kucoin paying monies to them and/or they may add further charges and/or other countries may also ride on this thus prolonging the whole ordeal, who knows.

But the overarching theme is any CEx is susceptible to regulatory pressure and crypto drama could escalate fast lol hence never treat them as your personal wallet e.g. letting huge amounts sit for a long time.

[goldkingcoiner]

All centralized exchanges are in trouble. Centralized services likes exchanges are not compatible with decentralized technologies. That is why they all get perpetually sued. Keep away from CEX as much as possible.

[logfiles]

Centralized services likes exchanges are not compatible with decentralized technologies.

Not all exchanges are centralized services. We also have a few decentralized exchanges, though not popular among people. I am not sure why, but the biggest issue is liquidity, perhaps. Take an example of Bisq, a very good p2p exchange that is completely decentralized but still very few offers over there with most countries not even having any offers/traders.