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Binance Removes Norwegian Krone Trading Pairs, Payment Options
The announcement extends Binance’s updates and changes to its offering to tackle regulatory challenges.
Updated May 11, 2023, 4:12 p.m. Published Aug 27, 2021, 10:43 a.m.
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Binance, the world’s largest crypto exchange, has discontinued trading pairs and payment options in Norwegian krone with immediate effect.
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- Binance also announced Friday an end to Norwegian language support.
- The move extends Binance’s updates and product-offering changes to more proactively tackle regulatory challenges.
- In the past two weeks, Binance has discontinued its trading pairs and payment options in the South Korean won and tightened its customer verification requirements for access to crypto deposits, trades and withdrawals.
- Binance has been responding to intense scrutiny from regulators and other entities across the world in recent months.
Read more: FCA Said Binance Had Complied With Its Requirements, but Was ‘Not Capable’ of Being Supervised
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Stablecoins moved $35 trillion last year but only 1% of it was for 'real world' payments
While stablecoins settled around $35 trillion last year, only around 1% of that represented genuine payments like remittances and payroll, a new report found.
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- Stablecoins processed more than $35 trillion in transactions last year, but only about 1% of that reflected real-world payments, a report by McKinsey and Artemis Analytics found.
- The study estimated that roughly $390 billion in genuine stablecoin payments, such as vendor payments, payrolls, remittances and capital markets settlements.
- Despite rapid growth and increasing interest from traditional payment firms like Visa and Stripe, true stablecoin payments still account for just a tiny fraction of the more than $2 quadrillion global payments market, the report said.
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