KUNA Exchange
KUNA Exchange was a Lithuanian-registered cryptocurrency exchange (VASP) offering trading, P2P transfers, deposits, and custodial wallet services. It permanently ceased all operations on March 31, 2025, and now only processes residual user fund withdrawals.
- Company typePrivate
- Founded2016
- HeadquartersVilnius, Lithuania
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What KUNA Exchange does
KUNA Exchange, operating under UAB "KUNA PRO" (company number 306041125, registered in Vilnius, Republic of Lithuania), was a cryptocurrency exchange registered as a Virtual Asset Service Provider (VASP) under Lithuanian law. Founded in 2016 with 11–50 employees, the platform served retail and professional crypto traders with virtual asset exchange and trading, fiat and virtual asset deposit services, peer-to-peer trading, and custodial wallet services. KUNA Codes, a sub-product, enabled code-based virtual asset transfers via a bot interface. The platform maintained KYC/AML compliance procedures, relied on unnamed blockchain analytics partners for transaction risk monitoring, and cooperated with Lithuania's Financial Crime Investigation Service. Services were restricted across approximately 60+ prohibited jurisdictions spanning sanctioned territories, high-risk regions, and key Western markets including the United States, United Kingdom, and Japan.
The exchange operated a unified trading ecosystem combining exchange, P2P, and custodial wallet functionality, with user balances settled and held under the company's VASP license. No public revenue, fee schedule, GMV, customer count, or funding data has been disclosed. The firm had a single named executive — Mihail Rakov, Chief Digital Transformation Officer — with no public leadership bench beyond that. As of March 31, 2025, KUNA permanently ceased all VASP activities following a wind-down announced March 11, 2025; user balances were converted to USDC prior to the March 28, 2025 withdrawal deadline, with the company now operating solely to process residual withdrawal requests via [email protected].
KUNA Exchange firmographics
Firmographics- Name
- KUNA Exchange
- Legal name
- UAB "KUNA PRO"
- Website
- https://kuna.io
- Company type
- Private
- Founded year
- 2016
- Operating status
- Closed
- Headcount range
- 11–50 employees
- Short description
- KUNA Exchange was a Lithuanian-registered cryptocurrency exchange (VASP) offering trading, P2P transfers, deposits, and custodial wallet services. It permanently ceased all operations on March 31, 2025, and now only processes residual user fund withdrawals.
- Ownership category
- akta.pro rank
KUNA Exchange industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)
Keywords
Where KUNA Exchange is headquartered
LocationHeadquarters
- HQ city
- Vilnius
- HQ country
- Lithuania
- HQ region
- Europe
Offices1 record
Markets served
KUNA Exchange business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Compliance or Regulatory
KUNA Exchange product offering
Product offeringCore offering
KUNA Exchange operated as a cryptocurrency exchange platform facilitating trading, exchange, and deposit services for virtual/digital assets, registered as a Virtual Asset Service Provider (VASP) under Lithuanian jurisdiction. The company was headquartered in Vilnius, Lithuania, and operated as a private limited liability company (legal entity UAB "KUNA PRO"). As of March 31, 2025, the company permanently discontinued all trading, exchange, and deposit services.
Product overview
KUNA Exchange was a cryptocurrency exchange platform operating as a Virtual Asset Service Provider (VASP) under UAB KUNA PRO, a Lithuanian-registered company. The platform offered a unified trading ecosystem combining virtual asset exchange, peer-to-peer trading, and custodial wallet services. KUNA Codes served as a sub-product for code-based virtual asset transfers. All operations ceased permanently on March 31, 2025 following a wind-down period, with user balances converted to USDC for withdrawal processing.
Differentiator
Problem solved
Functional benefit
Products and services
- KUNA Exchange Core cryptocurrency exchange platform providing trading, exchange, and deposit services for virtual/digital assets to individual crypto traders and investors. Services permanently discontinued as of March 31, 2025.
- KUNA Codes Sub-product associated with the KUNA Exchange platform supporting digital asset transactions.
Companies that use KUNA Exchange
Customer profileIdeal customer profiles1 record
KUNA Exchange technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
KUNA Exchange partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights1 record
KUNA Exchange competitors and assessment
Company assessmentBroad incumbents
- Coinbase: Coinbase is a US-listed, large-scale centralized cryptocurrency exchange operating globally with full regulatory licensing. It is a broad incumbent offering the same core product (spot crypto trading and custodial wallets) as KUNA, but at vastly greater scale and geographic breadth.
- Kraken: Kraken is a major global centralized cryptocurrency exchange with strong European presence and a regulated US base. It competes in the same spot-trading and custody category as KUNA, but serves institutional and retail clients across many more jurisdictions.
- OKX: OKX is a global centralized cryptocurrency exchange offering spot trading, derivatives, custodial wallets, and on-chain products. It is comparable to KUNA in the breadth of its product ecosystem, though at materially larger global scale.
- Binance: Binance is the world's largest centralized cryptocurrency exchange by volume, with regulated European entities following MiCA. Its spot exchange, custodial wallet, and P2P offerings directly overlap with KUNA's product set, although at incomparable global scale.
- Bybit: Bybit is a major global centralized cryptocurrency exchange known for derivatives but offering a full spot, custodial, and P2P product set. It overlaps with KUNA across multiple product lines and competes for European and CIS-region retail flow.
Direct peers
- EXMO: EXMO is a centralized cryptocurrency exchange founded in Ukraine and historically serving CIS and Eastern European markets. It overlaps directly with KUNA in target geography, language, and product offering (spot crypto trading with fiat on-ramps).
- WhiteBIT: WhiteBIT is a centralized cryptocurrency exchange headquartered in Lithuania with Ukrainian origins, making it the closest geographic and operational peer to KUNA. Both operate under European regulatory frameworks, target Eastern European user bases, and offer spot trading plus broader crypto-asset services.
- BTC-Alpha: BTC-Alpha is a smaller Ukrainian-rooted centralized crypto exchange serving primarily CIS-region users. Like KUNA, it focuses on spot trading of major and altcoin pairs with fiat support, making it a comparable niche Eastern European CEX.
- CEX.IO: CEX.IO is a UK-registered centralized cryptocurrency exchange originally founded in Ukraine. It shares KUNA's Ukrainian/CIS user base, fiat-to-crypto exchange model, and custodial wallet services for retail and professional traders.
Regional players
- Bitstamp: Bitstamp is a Luxembourg-headquartered centralized cryptocurrency exchange with strong European Union regulatory positioning. It is comparable to KUNA in operating as a regulated European spot CEX, but does not target the CIS/Eastern European user base that KUNA focused on.
Market position
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights3 records
Customer concentration
KUNA Exchange social profiles
Digital presenceKUNA Exchange compliance and trust
Trust signalCompliance1 record
KUNA Exchange financial estimates
Financial estimateRevenue estimate
Valuation estimate
KUNA Exchange leadership team
Management profileNumber of profiles
Profiles1 record
KUNA Exchange funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
KUNA Exchange M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about KUNA Exchange
What does KUNA Exchange do?
KUNA Exchange operated as a cryptocurrency exchange platform facilitating trading, exchange, and deposit services for virtual/digital assets, registered as a Virtual Asset Service Provider (VASP) under Lithuanian jurisdiction. The company was headquartered in Vilnius, Lithuania, and operated as a private limited liability company (legal entity UAB "KUNA PRO"). As of March 31, 2025, the company permanently discontinued all trading, exchange, and deposit services.
Is KUNA Exchange a public or private company?
KUNA Exchange is a private company. It is classified as unknown and is currently closed.
When was KUNA Exchange founded?
KUNA Exchange was founded in 2016. It employs 11 to 50 people.
Where is KUNA Exchange based?
KUNA Exchange is headquartered in Vilnius, Lithuania, in the Europe region.
Who are KUNA Exchange's main competitors?
Broad incumbents on record are Coinbase, Kraken, OKX, Binance and Bybit. Direct peers are EXMO, WhiteBIT, BTC-Alpha and CEX.IO. Bitstamp is listed as a regional player.
Does KUNA Exchange have an API?
No public API is recorded for KUNA Exchange.
What industry is KUNA Exchange in?
KUNA Exchange's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAAAA, Spot Crypto Exchanges (Order-Book & Matching Engine). Its NAICS code is 52321 and its SIC code is 6200.