KuCoin Operator Hit With Permanent US Ban After $500,000 CFTC Settlement Over Unregistered Trading Access
KuCoin’s operator, Peken Global Limited, has been banned from serving U.S. users after settling with regulators and agreeing to pay a $500,000 fine. The order makes its earlier U.S. exit permanent, following a separate criminal case where the firm paid nearly $300 million for operating without proper licences.