Ethereum competitor wither The decentralized crypto trading platform operating on the United States has decided to restrict users residing in the United States.
Decentralized crypto exchange orcaannounced that it will prevent US users from trading as of the end of the month. Orca gave the following words in an announcement made through official channels:
“We have also added the United States to the regions that are restricted from trading on the orca.so trading platform.”
The change to the platform policy will not directly affect crypto traders using Orca’s smart contracts. A significant decrease in volume is not expected as the majority of the Solana-based exchange’s trading comes from an altcoin, Jupiter.
Orca had $280 million in trading volume last week, according to data from decentralized finance tracker DeFiLlama. This figure makes Orca the largest exchange in the Solana ecosystem. According to the data, the weekly transaction volume of its biggest rival, Radiyum, was around $ 90 million.
The decision taken after the banking crisis in the USA last week left question marks in the minds of the Solana community. Orca founder Grace Kwan has yet to make an individual statement.
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