Kuna, a Ukrainian Crypto Exchange trading volume saw a massive spike after the Russian aggression and the launch of a full-scale invasion in Ukraine. According to CoinGecko data, the trading volume was tripled after the war bugle heard in Europe.
The data shows that 24-hours trading volume at Kuna was revolving around $1.5 million before 24th Feb. But recent data shows that the daily trading volume soared to $5 million Today.
Right Now, Bitcoin is trading around $41,554, at a 7% premium, on the Ukrainian exchange which shows demands of outpacing locals amid war threats.
On Thursday, the Russian president announced a “special military operation” to “disarm and de-Nazis Ukraine”. After the announcement, leading cryptocurrency took a sharp fall in a matter of time and so did other altcoins too. However, the downward momentum didn’t stand for long and again started to rise.
The market is reporting some rebound on Friday after a sudden rise in sell-off on Thursday, which skyrocketed the daily trading volume of most of the cryptos. Anchor Protocol, Maker, and Terra leading up around 20%.
People around the world are also sending donations in cryptocurrencies to support Ukrainian forces to fight back against Russian aggressors. In the last few hours, more than $400,00 worth of Bitcoins have been donated to a Ukrainian NGO.
On the other, the report revealed that the Russia-Ukraine conflict has fed away over $200 billion from markets.
