WEN spiked over 20% overnight as Reddit traders increased trading activity in a meme campaign targeting Wendy’s. Trading volume surged alongside the rally, though the stock has declined more than 73% over five years. The WallStreetBets community joked about the risks, warning of potential job losses if Wendy’s fails. Serenity, who first mentioned the move, said they hold no position and are unsure if the campaign will succeed. The meme of “digging through Wendy’s trash” remains a popular symbol of retail investor losses.

<html><body><p>Mars Finance reports that on June 24, Serenity tweeted to mock the latest meme stock movement unfolding on Reddit’s high-risk trading communities, targeting U.S. fast-food chain Wendy’s. According to market data, Wendy’s (WEN) has risen over 20% in after-hours trading, while declining more than 73% over the past five years. The Reddit high-risk trading community joked in warning: “If Wendy’s goes bankrupt, we’ll all be out of jobs—after losing all our money, we’ll have to go work behind Wendy’s trash bins.” Serenity later clarified that they hold no position and simply found it amusing, adding, “I don’t know if this campaign will succeed.” Wendy’s holds a unique cultural status within the Reddit WallStreetBets community, where the phrase “working behind Wendy’s trash bins” has long been a recurring joke among retail investors self-deprecating their losses.</p></body></html>

Mars Finance reports that on June 24, Serenity tweeted to mock the latest meme stock movement unfolding on Reddit’s high-risk trading communities, targeting U.S. fast-food chain Wendy’s. According to market data, Wendy’s (WEN) has risen over 20% in after-hours trading, while declining more than 73% over the past five years. The Reddit high-risk trading community joked in warning: “If Wendy’s goes bankrupt, we’ll all be out of jobs—after losing all our money, we’ll have to go work behind Wendy’s trash bins.” Serenity later clarified that they hold no position and simply found it amusing, adding, “I don’t know if this campaign will succeed.” Wendy’s holds a unique cultural status within the Reddit WallStreetBets community, where the phrase “working behind Wendy’s trash bins” has long been a recurring joke among retail investors self-deprecating their losses.

WEN surges over 20% as Reddit retail traders launch meme campaign targeting Wendy's

The Fear and Greed Index dropped sharply on June 23 as U.S. tech and AI-linked stocks plunged. The Nasdaq fell 2.2%, the S&P 500 declined 1.4%, and trading volume surged amid heavy selling. Nvidia dropped 4%, Micron fell 13.2%, and Qualcomm slipped 8%. Asian markets followed suit, with South Korea’s KOSPI down nearly 10%. Rising expectations for Fed rate hikes and uncertainty over cloud AI profitability triggered the sell-off.

<html><body><div class="overflow-hidden rich_text_content text-[16px] text-[#222] tracking-[1.6px] leading-[31px]"><p>According to AP, on June 23, U.S. tech stocks and the AI supply chain collectively declined, with the Nasdaq index closing down 2.2% and the S&P 500 down 1.4%. This pullback was not due to issues at a single chip company, but rather a simultaneous pressure on the most crowded AI hardware trades over the past year. The first pressure came from a sudden rise in expectations for Federal Reserve rate hikes, and the second from investors beginning to question when the cloud providers’ continued heavy AI capital expenditures would translate into clearly defined profits.</p><p><img alt="" src="https://img.staticimg.com/news_flash/248c271e-3f20-4878-8591-03dc0f5e0dc0.webp"/></p><p>The most direct pressure fell on the hardware chain. Market data showed that NVIDIA (NVDA) dropped about 4% on Tuesday, with its market capitalization falling below $5 trillion. Micron plunged 13.2%, Qualcomm declined around 8%, and SanDisk and Western Digital also tumbled significantly. Memory, storage, AI chips, and smartphone chips all weakened together, indicating that the selling pressure was not confined to a single segment.</p><p>Asian markets also came under pressure. On June 23, South Korea’s KOSPI index fell nearly 10%, with SK Hynix and Samsung Electronics both posting double-digit losses. For months, tight supply of HBM and memory chips had supported South Korean tech stocks, but this time, the market chose to book profits first.</p><p>The order of this downturn is highly significant. Investors did not first retreat from software or internet platforms; instead, they initially targeted chip and memory stocks that had previously benefited the most from AI capital spending.</p><p>NVIDIA remains the core asset in the AI boom. Its GPUs have nearly defined this cycle of data center expansion and have become the primary outlet for market risk appetite. A market cap falling below $5 trillion does not alter the company’s industrial standing, but it serves as a prominent price signal on the trading front. When both interest rates and return cycles are questioned, assets with the largest gains and most crowded positions are often sold first.</p><p>Micron's decline was steeper, partly due to its upcoming earnings report. The company announced that it will release its third-quarter fiscal year 2026 results and hold an earnings call on June 24. The market had already priced in sustained strong demand for high-bandwidth memory driven by AI servers. If guidance is weak, investors fear that previous price gains lack new earnings catalysts; even if guidance is strong, the company must demonstrate that high memory prices and AI demand are not merely short-term stockpiling.</p><p><img alt="" src="https://img.staticimg.com/news_flash/71c86541-05de-4a01-89f1-c058a21d74b6.webp"/></p><p>The market reaction in South Korea further amplified these concerns. SK Hynix and Samsung, both key players in the global memory and HBM supply chain, posted double-digit declines, indicating that this correction has spread from U.S. tech leaders to the global AI hardware supply chain.</p><p>Previously, Broadcom's AI revenue guidance falling short of the most optimistic expectations triggered a sell-off in chip stocks. Tuesday's market movement resembled a concentrated release of these concerns. Demand for AI remains strong, but the market is no longer willing to pay ever-higher prices solely for the promise of "huge potential in the future."</p><p>The trigger at the macro level comes from changes in expectations regarding Federal Reserve policy.</p><p>According to a Federal Reserve announcement, Kevin Warsh was sworn in as Chair of the Federal Reserve on May 22. Citing a Bank of America forecast, Reuters reported that the Fed may raise interest rates by 25 basis points in September, October, and December 2026, for a total annual increase of 75 basis points, citing resilient labor markets and persistent inflationary pressures.</p><p>This is particularly unfavorable for tech stocks. The valuation of AI leaders relies heavily on long-term growth expectations; rising interest rates increase the discounting pressure on future cash flows and make low-risk assets like U.S. Treasuries more attractive again. Recently, U.S. Treasury yields have remained elevated, and futures markets have clearly intensified bets on rate hikes this year, causing market expectations for policy path to adjust rapidly.</p><p>The market isn’t suddenly doubting the existence of AI; it’s recalculating a more realistic question: If the cost of capital is higher and future profits are further away, how much should we be willing to pay for AI assets today?</p><p>This is also why adjustments in chips, memory, and high-growth tech stocks have been so synchronized. They previously benefited together from the combination of “sustained explosive demand for AI” and “eventual decline in interest rates.” Once one of these pillars weakens, the segments with the largest gains and highest valuations come under pressure first.</p><p>Another source of pressure comes from AI capital expenditures themselves.</p><p>Major hyperscale cloud and AI investors such as Alphabet, Amazon, and Meta continue to maintain intense data center construction. Over the past year, such spending has been viewed by the market as a guarantee of demand for NVIDIA, memory chips, power equipment, and data center assets. As long as cloud providers continue to invest heavily, the hardware supply chain will sustain its revenue.</p><p>But now the question is, can this money eventually be recovered?</p><p>Training and inference for AI models require massive computational power, electricity, and server investments. Cloud providers can monetize through enterprise customers, advertising tools, developer platforms, and consumer subscriptions, but it remains unproven whether service pricing can fully cover capital expenditures. The market is beginning to scrutinize AI product pricing, customer usage intensity, and whether enterprises are willing to pay high long-term fees for generative AI.</p><p>This is also why the "sell the heavy spenders" trade has gained popularity. Investors are not only selling chip stocks but also becoming more cautious toward internet and cloud computing giants that continue to increase their AI budgets. The more aggressive their prior spending, the more they are questioned about profitability and free cash flow.</p><p>The volatility of overvalued assets is amplifying this sentiment. According to Axios, SpaceX's stock dropped more than 16% on Monday following its IPO, wiping out approximately $400 billion in market value. While not the primary driver of the recent chip stock decline, it illustrates that strong-narrative, high-valuation assets are facing stricter market scrutiny.</p><p>This correction is more accurately described as a concentrated pullback following significant gains in AI trading, rather than a confirmed bubble burst.</p><p>Demand for AI hardware remains strong, and cloud providers have not halted their capital expenditures. The fundamentals of companies like NVIDIA, Micron, and SK Hynix remain closely tied to data center construction, HBM supply, and AI server shipments. The real question is whether current stock prices have already priced in too many positive developments.</p><p>The first verification point is Micron’s earnings report. The market will focus on three things: whether demand for memory driven by AI servers remains strong, whether price increases can be sustained, and whether management’s guidance for upcoming quarters is sufficient to support prior gains. If the earnings report is strong, the chip supply chain may get a reprieve; if guidance falls short of expectations, selling pressure could continue to spread to more AI supply chain companies.</p><p>The second checkpoint is interest rates. Whether the Fed under Walsh truly raises rates starting in September will depend on inflation, employment, and energy prices. If inflationary pressures remain stubborn, growth stock valuations will continue to face pressure; if the data shows cooling, the market may reprice expectations of a policy pivot, providing room for tech stocks to recover.</p><p>The current market divergence lies in whether this is merely a normal profit-taking within the AI bull market, or the beginning of a shift by investors from “buying growth at all costs” to “demanding tangible returns.” Tuesday’s decline at least indicates that the AI narrative remains strong, but it can no longer alone offset the pressures of higher interest rates and a longer path to profitability.</p><p>律动 BlockBeats</p></div></body></html>

According to AP, on June 23, U.S. tech stocks and the AI supply chain collectively declined, with the Nasdaq index closing down 2.2% and the S&P 500 down 1.4%. This pullback was not due to issues at a single chip company, but rather a simultaneous pressure on the most crowded AI hardware trades over the past year. The first pressure came from a sudden rise in expectations for Federal Reserve rate hikes, and the second from investors beginning to question when the cloud providers’ continued heavy AI capital expenditures would translate into clearly defined profits.

The most direct pressure fell on the hardware chain. Market data showed that NVIDIA (NVDA) dropped about 4% on Tuesday, with its market capitalization falling below $5 trillion. Micron plunged 13.2%, Qualcomm declined around 8%, and SanDisk and Western Digital also tumbled significantly. Memory, storage, AI chips, and smartphone chips all weakened together, indicating that the selling pressure was not confined to a single segment.

Asian markets also came under pressure. On June 23, South Korea’s KOSPI index fell nearly 10%, with SK Hynix and Samsung Electronics both posting double-digit losses. For months, tight supply of HBM and memory chips had supported South Korean tech stocks, but this time, the market chose to book profits first.

The order of this downturn is highly significant. Investors did not first retreat from software or internet platforms; instead, they initially targeted chip and memory stocks that had previously benefited the most from AI capital spending.

NVIDIA remains the core asset in the AI boom. Its GPUs have nearly defined this cycle of data center expansion and have become the primary outlet for market risk appetite. A market cap falling below $5 trillion does not alter the company’s industrial standing, but it serves as a prominent price signal on the trading front. When both interest rates and return cycles are questioned, assets with the largest gains and most crowded positions are often sold first.

Micron's decline was steeper, partly due to its upcoming earnings report. The company announced that it will release its third-quarter fiscal year 2026 results and hold an earnings call on June 24. The market had already priced in sustained strong demand for high-bandwidth memory driven by AI servers. If guidance is weak, investors fear that previous price gains lack new earnings catalysts; even if guidance is strong, the company must demonstrate that high memory prices and AI demand are not merely short-term stockpiling.

The market reaction in South Korea further amplified these concerns. SK Hynix and Samsung, both key players in the global memory and HBM supply chain, posted double-digit declines, indicating that this correction has spread from U.S. tech leaders to the global AI hardware supply chain.

Previously, Broadcom's AI revenue guidance falling short of the most optimistic expectations triggered a sell-off in chip stocks. Tuesday's market movement resembled a concentrated release of these concerns. Demand for AI remains strong, but the market is no longer willing to pay ever-higher prices solely for the promise of "huge potential in the future."

The trigger at the macro level comes from changes in expectations regarding Federal Reserve policy.

According to a Federal Reserve announcement, Kevin Warsh was sworn in as Chair of the Federal Reserve on May 22. Citing a Bank of America forecast, Reuters reported that the Fed may raise interest rates by 25 basis points in September, October, and December 2026, for a total annual increase of 75 basis points, citing resilient labor markets and persistent inflationary pressures.

This is particularly unfavorable for tech stocks. The valuation of AI leaders relies heavily on long-term growth expectations; rising interest rates increase the discounting pressure on future cash flows and make low-risk assets like U.S. Treasuries more attractive again. Recently, U.S. Treasury yields have remained elevated, and futures markets have clearly intensified bets on rate hikes this year, causing market expectations for policy path to adjust rapidly.

The market isn’t suddenly doubting the existence of AI; it’s recalculating a more realistic question: If the cost of capital is higher and future profits are further away, how much should we be willing to pay for AI assets today?

This is also why adjustments in chips, memory, and high-growth tech stocks have been so synchronized. They previously benefited together from the combination of “sustained explosive demand for AI” and “eventual decline in interest rates.” Once one of these pillars weakens, the segments with the largest gains and highest valuations come under pressure first.

Another source of pressure comes from AI capital expenditures themselves.

Major hyperscale cloud and AI investors such as Alphabet, Amazon, and Meta continue to maintain intense data center construction. Over the past year, such spending has been viewed by the market as a guarantee of demand for NVIDIA, memory chips, power equipment, and data center assets. As long as cloud providers continue to invest heavily, the hardware supply chain will sustain its revenue.

But now the question is, can this money eventually be recovered?

Training and inference for AI models require massive computational power, electricity, and server investments. Cloud providers can monetize through enterprise customers, advertising tools, developer platforms, and consumer subscriptions, but it remains unproven whether service pricing can fully cover capital expenditures. The market is beginning to scrutinize AI product pricing, customer usage intensity, and whether enterprises are willing to pay high long-term fees for generative AI.

This is also why the "sell the heavy spenders" trade has gained popularity. Investors are not only selling chip stocks but also becoming more cautious toward internet and cloud computing giants that continue to increase their AI budgets. The more aggressive their prior spending, the more they are questioned about profitability and free cash flow.

The volatility of overvalued assets is amplifying this sentiment. According to Axios, SpaceX's stock dropped more than 16% on Monday following its IPO, wiping out approximately $400 billion in market value. While not the primary driver of the recent chip stock decline, it illustrates that strong-narrative, high-valuation assets are facing stricter market scrutiny.

This correction is more accurately described as a concentrated pullback following significant gains in AI trading, rather than a confirmed bubble burst.

Demand for AI hardware remains strong, and cloud providers have not halted their capital expenditures. The fundamentals of companies like NVIDIA, Micron, and SK Hynix remain closely tied to data center construction, HBM supply, and AI server shipments. The real question is whether current stock prices have already priced in too many positive developments.

The first verification point is Micron’s earnings report. The market will focus on three things: whether demand for memory driven by AI servers remains strong, whether price increases can be sustained, and whether management’s guidance for upcoming quarters is sufficient to support prior gains. If the earnings report is strong, the chip supply chain may get a reprieve; if guidance falls short of expectations, selling pressure could continue to spread to more AI supply chain companies.

The second checkpoint is interest rates. Whether the Fed under Walsh truly raises rates starting in September will depend on inflation, employment, and energy prices. If inflationary pressures remain stubborn, growth stock valuations will continue to face pressure; if the data shows cooling, the market may reprice expectations of a policy pivot, providing room for tech stocks to recover.

The current market divergence lies in whether this is merely a normal profit-taking within the AI bull market, or the beginning of a shift by investors from “buying growth at all costs” to “demanding tangible returns.” Tuesday’s decline at least indicates that the AI narrative remains strong, but it can no longer alone offset the pressures of higher interest rates and a longer path to profitability.

Chip stocks lead U.S. market sell-off as AI trading faces pressure from interest rates and profitability concerns.

On-chain news highlights a viral Reddit movement that pushed Wendy's (WEN) stock up nearly 20% overnight. Meme coin news often aligns with retail-driven trends, and this case is no exception. The "Save Wendy's" campaign, driven by U.S. retail traders, taps into a long-standing internet joke about failed options and fast-food jobs. Serenity, the "White-Haired Stock God," called the event "very interesting" but noted having no position in the stock.

<html><body><p>ME News, June 24 (UTC+8): "White-Haired Stock God" Serenity posted on X stating that they have noticed Reddit retail investors (degens) recently launching a viral campaign targeting U.S. fast-food chain Wendy's (WEN), causing the company's stock to surge approximately 20% overnight.  
Serenity explained that Wendy's has long been a classic meme within the U.S. retail investor community, originating from the internet joke that investors whose 0DTE options expired worthless could only go work at Wendy's—making it well-known in speculative culture.  
Serenity noted that it remains uncertain whether this community-driven "Save Wendy's" movement will ultimately succeed and emphasized that they do not hold any position in the stock, viewing the phenomenon merely as "very interesting." (Source: ODAILY)</p></body></html>

ME News, June 24 (UTC+8): "White-Haired Stock God" Serenity posted on X stating that they have noticed Reddit retail investors (degens) recently launching a viral campaign targeting U.S. fast-food chain Wendy's (WEN), causing the company's stock to surge approximately 20% overnight. Serenity explained that Wendy's has long been a classic meme within the U.S. retail investor community, originating from the internet joke that investors whose 0DTE options expired worthless could only go work at Wendy's—making it well-known in speculative culture. Serenity noted that it remains uncertain whether this community-driven "Save Wendy's" movement will ultimately succeed and emphasized that they do not hold any position in the stock, viewing the phenomenon merely as "very interesting." (Source: ODAILY)

Reddit retail traders spark viral movement to 'save Wendy's,' stock surges 20%

Sign up early to receive up to <hlg>{num} EUR</hlg> in rewards!

Company Name:

Business Activity:

Commercial Register Details:

Contact:

KuCoin EU Waitlist Giveaway Phase II: Terms and Conditions

<div>This Privacy Policy (this “<bl>Policy</bl>”) applies to the processing of personal data in connection with all services provided by KuCoin EU Exchange GmbH, legal entity code FN 641084x, a company registered at Am Grüner Prater 2/3. Stock, 1020 Vienna, Austria (the “<bl>KuCoin EU</bl>,” “<bl>we</bl>,” “<bl>us</bl>” or “<bl>our</bl>”). KuCoin EU services and products are offered via our crypto platform, including any related mobile applications and websites used to access the same (collectively the “<bl>Platform</bl>”).</div>

<div>This Policy describes how Kucoin EU collects, uses, and discloses personal data processed during the provision of its services. This includes, but is not limited to:
</div>
<ul>
<li>Account creation and management;</li>
<li>Identity verification (KYC);</li>
<li>Execution of trades;</li>
<li>Customer support;</li>
<li>Promotional campaigns;</li>
<li>And any interaction with the Platform (“<bl>Services</bl>”).
</li>
</ul>

<div>This Policy supplements the other policies and is not intended to override them. Terms used within it shall have the meaning(s) given in the Regulation (EU) 2016/679 (General Data Protection Regulation (GDPR)) and the Austrian Data Protection Act (Datenschutzgesetz (DSG)), as applicable.</div>

<div>You may exercise these rights free of charge. However, if your requests are manifestly unfounded or excessive (e.g. due to their repetitive nature), we may:</div>
<ul><li>Charge a reasonable fee based on administrative costs; or</li>
<li>Refuse to act on the request.</li></ul>
<div>We will respond to your request without undue delay and in any case within one month of receipt, in accordance with Article 12(3) GDPR. This period may be extended by up to two additional months where necessary due to the complexity or number of requests. In such cases, we will notify you of the extension and provide the reasons. If we are unable to act on your request, we will inform you without delay, and in any case within one month of receipt of the request and provide reasons for not taking action.</div>
<div>Where we have reasonable doubts about your identity, we may request additional information to verify it (Article 12(6) GDPR). This ensures that your Personal Data is not disclosed to unauthorised individuals.</div>
<div>To exercise your data protection rights, please contact our DPO at <e>privacy@kucoin.eu</e>.</div>

<div>In some cases, we may not be able to fully fulfill your request because:</div>
<ul><li>We are legally required to keep certain Personal Data under laws like anti-money laundering (Section 21 FM-GwG), tax law (Section 132(1) BAO), or commercial law (Sections 190, 212 UGB).</li>
<li>We must retain data to respond to official requests by authorities, including investigations, subpoenas, or other legal actions.</li>
<li>We need to keep data to protect our legal rights when there is an ongoing or expected legal case (but not for hypothetical or unplanned cases).</li>
<li>Your request would reveal confidential or legally protected information. We will provide what is possible without violating these protections.</li></ul>

<div>You have the following rights under the GDPR in relation to your Personal Data:</div>

<ul><li><bl>Right of Access</bl> (Article 15 GDPR): You have the right to obtain confirmation as to whether we process Personal Data concerning you, and, where that is the case, to access such data and related information, including the purposes of Processing, categories of Personal Data, recipients, and retention periods.</li>
<li><bl>Right to Rectification</bl> (Article 16 GDPR): You have the right to request the correction of inaccurate Personal Data and the completion of incomplete Personal Data concerning you.</li>
<li><bl>Right to Erasure</bl> (“Right to be Forgotten”, Article 17 GDPR): You may request the deletion of your Personal Data where, for example, the data is no longer necessary for the purposes for which it was collected, or where you have withdrawn your consent and no other legal basis for Processing applies.</li>
<li><bl>Right to Restriction of Processing</bl> (Article 18 GDPR): You may request that we restrict the Processing of your Personal Data in certain cases, e.g. if the accuracy of the data is contested, or if the Processing is unlawful but you oppose erasure.</li>
<li><bl>Right to Data Portability</bl> (Article 20 GDPR): Where the Processing is based on your consent or a contract and carried out by automated means, you have the right to receive the Personal Data you provided in a structured, commonly used and machine-readable format and to transmit it to another Controller.</li>

<li><bl>Right to Object</bl> (Article 21 GDPR): Where Processing is based on our legitimate interests (Article 6(1)(f) GDPR), you have the right to object on grounds relating to your particular situation. In that case, we will stop Processing your Personal Data unless we can demonstrate compelling legitimate grounds that override your interests, rights, and freedoms, or if the Processing is necessary for the establishment, exercise, or defence of legal claims.</li>
<li><bl>Right to Withdraw Consent</bl> (Article 7(3) GDPR): Where Processing is based on your consent (Article 6(1)(a) or Article 9(2)(a) GDPR), you may withdraw your consent at any time. This does not affect the lawfulness of Processing based on consent before its withdrawal.</li>
<li><bl>Right not to be subject to Automated Decision-Making</bl> (Article 22 GDPR): You have the right not to be subject to a decision based solely on automated Processing, including profiling, which produces legal effects or similarly significantly affects you, unless one of the exemptions under Article 22(2) GDPR applies.</li>
<li><bl>Right to Lodge a Complaint</bl>  (Article 77 GDPR):You may lodge a complaint with the competent data protection authority. In Austria, this is the Datenschutzbehörde (DSB), Barichgasse 40–42, 1030 Vienna (www.dsb.gv.at).</li>
<li><bl>Right to Compensation</bl>: (Article 82 GDPR) If you suffer material or non-material damage due to a breach of the GDPR, you may be entitled to compensation from the responsible Controller or processor. This does not affect any other legal remedies available to you.</li></ul>

<div>Cookies are small files stored on your device when you visit our website. We use them to ensure a secure, user-friendly, and optimised browsing experience when you visit our website.</div><div>Cookies help us to:</div> <ul><li>Maintain user sessions across page requests,</li> <li>Remember your preferences,</li> <li>Improve the usability and performance of our website,</li> <li>Facilitate navigation, and</li> <li>Support essential features such as login functionality and shopping carts.</li></ul> <div>Cookies essential for these functions are processed based on our legitimate interest in maintaining site operation (Article 6(1)(f) GDPR).</div> <div>For all other cookies, including those for analytics, marketing, or personalization, we obtain your clear, informed consent beforehand (Section 165(3) TKG 2021, Article 6(1)(a) GDPR). You can revoke this consent anytime for the future.</div> <div>Types of Cookies we use:</div> <ul><li>Session cookies: These are temporary and are automatically deleted once you close your browser.</li> <li>Persistent cookies: These remain stored on your device until they expire or are manually deleted in your browser settings.</li></ul> <div>You control cookie use via your browser settings, where you can:</div> <ul><li>Block all cookies,</li> <li>Be notified before a cookie is saved,</li> <li>Accept cookies only in specific cases, or</li> <li>Delete all cookies automatically when closing the browser.</li></ul> <div>For example: </div> <ul><li>Microsoft Edge: Settings > Cookies and site permissions</li> <li>Mozilla Firefox: Preferences > Privacy & Security > Cookies and Site Data</li> <li>Google Chrome: Settings > Privacy and security > Cookies and other site data</li></ul> <div>Please note: Disabling certain cookies may limit the functionality of some parts of our website.</div>

<div>We take the security of your Personal Data very seriously and employ a wide range of measures to keep it safe. Our security framework combines administrative, technical, and physical controls designed to prevent unauthorized access, loss, alteration, or misuse of your information.</div>
<div>Some of the key protections we use include:</div>
<ul><li>Encryption technologies to secure data transfers and storage;</li>
<li>Two-factor authentication (2FA) to add an extra layer of account protection;</li>
<li>Regular security assessments and audits to ensure our safeguards remain effective;</li>
<li>Strict access controls limiting personal data access to authorized personnel only;</li>
<li>Data minimization methods such as pseudonymization where applicable;</li>
<li>Procedures for quick recovery of data availability in case of technical failures;</li>
<li>Ongoing staff training and clear IT security policies;</li>
<li>Incident response plans to promptly handle any security breaches.</li></ul>
<div>We encourage you to enable two-factor authentication and keep your account credentials confidential to further enhance your security. Protecting your data is a continuous commitment, and we regularly update our security practices to stay ahead of emerging threats and comply with international standards.</div>

<div>We do not use your Personal Data for automated decision-making, including profiling, within the meaning of Article 22(1) and (4) GDPR. This means that you are not subject to any decision based solely on automated Processing which produces legal effects concerning you or similarly significantly affects you.</div>

<div>Our platform is intended exclusively for users who are 18 years of age or older. We do not offer our services to minors, and therefore, we do not knowingly collect personal information from anyone under 18. If you are under 18, please do not use our services or submit any personal data to us.</div>

<div>In principle, you are not legally required to provide us with your Personal Data. However, the provision of certain Personal Data is necessary to access and use our Platform, to comply with statutory obligations (e.g. under anti-money laundering and counter-terrorism financing laws), or to enter into and perform a contract with us.</div>
<div>In particular, we are legally obliged to collect and process specific categories of Personal Data (such as identification documents and proof of address) before entering into a business relationship, and on an ongoing basis, in accordance with applicable Know-Your-Customer (KYC) and Anti-Money Laundering (AML) requirements. </div>
<div>Without this information, we cannot provide you with access to our Services or might not be able to establish or continue a business relationship with you, or to provide certain features of our Platform.</div>

<div>This Policy is current as of the “Last Updated” date indicated above. We may update or amend this Policy from time to time to reflect changes in legal requirements, our data Processing practices, or the features of our Services. Therefore, we encourage you to review this Policy periodically to stay informed about how we process your Personal Data.</div>

<div>If you have any further questions about the processing of your personal data, please contact our DPO: <e>privacy@kucoin.eu.</e></div>

<div>The following definitions are particularly relevant:</div>
<ul><li>“<bl>Personal Data</bl>” refers to any information relating to an identified or identifiable natural person.</li>
<li>“<bl>Processing”</bl> refers to any operation or set of operations which is performed on personal data or on sets of personal data, whether or not by automated means, such as collection, recording, organisation, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction.</li>
<li>"<bl>Controller</bl>" refers to the natural or legal person, public authority, agency, or other body which, alone or jointly with others, determines the purposes and means of the processing of personal data.</li>
<li>“<bl>Supervisory Authority</bl>” refers to the Österreichische Datenschutzbehörde, Barichgasse 40-42, 1030 Vienna (T +43 1 52 152-0, M dsb@dsb.gv.at).</li>
<li>“<bl>Data Subject</bl>” means an identified or identifiable natural person. An identifiable natural person is one who can be identified, directly, or indirectly, by reference to an identifier, such as a name, an identification number, location data, an online identifier or to one or more factors specific to the physical, physiological, genetic, mental, economic, cultural, or social identity of that natural person.</li></ul>

<div>KuCoin EU acts as the Controller of your Personal Data in connection with the Services we provide. This means we are responsible for ensuring the lawful and secure Processing of your Personal Data and for complying with applicable data protection laws and regulatory requirements.</div>
<div>By registering for and using the Platform, you acknowledge that your Personal Data will be processed in accordance with this Policy and the Terms and Conditions applicable to the Platform.</div>
<div>To help us meet these obligations, we have appointed an internal Data Protection Officer (DPO) who oversees our data protection compliance and serves as the main point of contact for both Supervisory Authorities and Data Subjects on all matters relating to privacy.</div>
<div>If you have any questions or concerns about how your Personal Data is being processed, you can contact our DPO at <e>privacy@kucoin.eu</e>. For certain requests, we require further identification data from you (e.g. passport, ID card, etc), in order to ensure that your Personal Data is only shared with you.</div>

<div>We are committed to Processing only Personal Data that is adequate, relevant, and limited to what is necessary in relation to the purposes for which it is processed, in accordance with the data minimization principle set out in Article 5(1)(c) of the GDPR.</div>
<div>We collect your Personal Data in a variety of ways depending on how you interact with us and our Services, including: </div>
<div><bl>Information you provide to us</bl>, for example:</div>
<ul><li>When you register for an account or use our Platform;</li>
<li>During the Know-Your-Customer (KYC) or account opening process;</li>
<li>When you complete forms or upload documents on the Platform;</li>
<li>When you subscribe to news and updates from us;</li>
<li>When you contact our support or other employees via email or other communication channels;</li>
<li>When you submit support requests, participate in dispute resolution, or request assistance;</li>
<li>When you participate in events, fairs, interviews;</li>
<li>When you visit our offices in person.</li></ul>
<div><bl>From third parties</bl>, such as:</div>
<ul><li>Affiliates and partners who enable or support your access to our Services;</li>
<li>Service providers for identity verification, background screening, PEP and sanctions checks, and fraud prevention;</li>
<li>Credit reference agencies and financial service providers;</li>
<li>Publicly accessible sources (e.g., commercial registers or government databases within the EU);</li>
<li>Licensed data brokers or aggregators, where legally permissible.</li></ul>
<div><bl>By automatic collection</bl>, such as:</div>
<ul><li>WhenThrough your use of our Services and Platform via technical logs, usage tracking, or cookies.</li></ul>

<div>In operating our Platform and providing our Services, we may process the following <bl>categories of Personal Data</bl>:</div>

<ul><li><bl>Identification data</bl>: full name, date and place of birth, nationality, identification number, passport/ID documents.</li>
<li><bl>Contact details</bl>: residential address, email address, phone number.</li>
<li><bl>Financial and transactional data</bl>: source of funds and wealth, bank account information, payment method details (e.g. credit card number, expiration date, security code), tax identification number, employment status, income.</li>
<li><bl>Verification data</bl>: identity documents, certifications (e.g. employment or inheritance documentation), results of PEP/sanctions screening.</li>
<li><bl>Employment-related data</bl>: professional background, education history, employer references (where applicable).</li>
<li><bl>Platform usage data</bl>: login timestamps, device type, interaction history, user preferences.</li>
<li><bl>Device and technical data</bl>: device model, operating system, browser type, crash logs, unique device identifiers.</li>
<li><bl>Log data</bl>: IP address, access location, timestamps, user activity.</li>
<li><bl>Account and transaction data</bl>: wallet addresses, account balances, trading history, deposit records, verification history.</li>
<li><bl>Marketing Data</bl>: data collected through cookies and other marketing technologies to personalize communications.</li>
<li><bl>Multimedia Data</bl>: photos, videos, and audio recordings.</li>
<li><bl>On-site visit data</bl>: video and image recordings captured during visits to our office premises.</li>
<li><bl>Other data</bl>: any additional information you provide when contacting our support or staff.</li></ul>

<div><bl>Please note</bl>: Certain Personal Data may be screened against risk profiles and regulatory watchlists in order to comply with our legal obligations under anti-money laundering (AML) laws and our internal KYC/AML policies. This may include checks against databases of politically exposed persons (PEPs), international sanctions lists, and fraud prevention agencies, including the involvement of credit reference providers where appropriate.</div>

<div>We process your Personal Data where it is necessary to enter into or perform our contractual relationship with you, including:</div>
<ul><li>Providing and managing access to our Services and your user account;</li>
<li>Processing transactions and executing your instructions;</li>
<li>Verifying your identity and authenticating your access;</li>
<li>Providing customer service and technical support;</li>
<li>Sending important service-related updates and notifications.</li></ul>

<div>Personal data processing may be necessary to fulfill various legal requirements, such as those set out in the 5th Anti-Money Laundering Directive (AMLD), the Austrian Money Laundering Act (FM-GwG), the Payment Services Act (ZaDiG 2018), the Trade Regulations Act (GewO 1994), FATF Travel Rule, and others. Examples of processing under these obligations include:</div>
<ul><li>Ensuring compliance and mitigating risks;</li>
<li>Conducting Know-Your-Customer (KYC) procedures, including identity verification and proof of funds;</li>
<li>Managing contracts, invoicing, and accounting;</li>
<li>Monitoring to prevent fraud, illicit use, money laundering, and terrorist financing;</li>
<li>Disclosing information to fiscal or criminal authorities as legally required;</li>
<li>Checking creditworthiness through credit agencies;</li>
<li>Performing appropriateness assessments;</li>
<li>Processing transaction details (e.g., sender and recipient information) to comply with FATF Travel Rule;</li>
<li>Recording telephone and electronic communications when mandated.</li></ul>

<div>We may process your Personal Data to pursue our legitimate interests, provided these interests are not overridden by your rights and freedoms. This includes:</div>
<ul><li>Ensuring the security, integrity, and availability of our systems and infrastructure (e.g. IT security, fraud detection, disaster recovery);</li>
<li>Operating and maintaining our Platform, websites, and applications (e.g. error diagnostics, user interface optimization, device compatibility);</li>
<li>Analysis and improvement of the platform's quality and the general user experience (e.g. performance tracking on the platform);</li>
<li>To provide marketing communications, promotions to you for KuCoin EU own, similar products or services;</li>
<li>Conducting internal audits and investigations;</li>
<li>Responding to requests from authorities, lawyers, or collection agencies during legal proceedings;</li>
<li>Managing and reducing risks by checking credit agencies, debtor lists, or business analysts;</li>
<li>Engaging with you via social media and community channels including responding to user inquiries, moderating content, and maintaining a safe and engaging environment on our official communication channels;</li>
<li>Performing video surveillance at our premises to protect property and ensure the safety of staff, clients, and visitors (subject to Section 12 and 13 DSG).</li></ul>

<div>Where required by law or where we rely on your voluntary agreement, we process your Personal Data based on your consent, including:</div>
<ul><li>Sending newsletters, promotional communications, or marketing offers (in line with Section 174 of the Austrian Telecommunications Act 2021 (TKG 2021));</li>
<li>Using optional cookies and tracking technologies for analytics and advertising;</li>
<li>Certain uses of audio, video and photo data for marketing and other representational purposes;</li>
<li>Carrying out video surveillance in areas where consent is legally required or appropriate;</li>
<li>Offering optional features on the Platform that require your express participation.</li>
<li>You may withdraw your consent at any time with effect for the future.</li>
<li>We will only process your Personal Data to the extent necessary for the purposes for which it was collected, and in accordance with the principles of data minimisation and purpose limitation set out in the GDPR.</li></ul>
<div><bl>Please note</bl>: If you choose not to provide certain Personal Data that is required by law or necessary for the conclusion or performance of a contract, we may not be able to provide you with the related Services.</div>

<div>We process your Personal Data in compliance with all applicable data protection laws, including the EU General Data Protection Regulation (GDPR), the E-Privacy Directive, and relevant national legislation (such as the Austrian Data Protection Act). Your Personal Data is processed solely for the <bl>purposes</bl> described below, and always based on the <bl>legal grounds</bl> set forth in Article 6(1) of the GDPR.</div>

<div>We may share your Personal Data with the following categories of recipients, in accordance with Article 13(1)(e) and 14(1)(e) GDPR:</div>
<ul><li>KuCoin Group Companies and Affiliates - To the extent necessary to respond to your requests, process transactions, secure our platform, or otherwise perform our Services;</li>
<li>IT Service Providers - For hosting, system maintenance, and cybersecurity support;</li>
<li>Card Provider - To issue and maintain card services;</li>
<li>Analytics Providers - To understand how you use our Services;</li>
<li>Payment and Financial Service Providers - To facilitate financial transactions and fund movements;</li>
<li>Customer Support and Communication Vendors - For managing customer inquiries through communication platforms, call centers, or ticketing systems;</li>
<li>Marketing and Promotions Providers - To promote our Services;</li>
<li>Identity Verification and Compliance Providers - For KYC/AML processes, sanction and PEP screenings, and fraud prevention;</li>
<li>Legal Advisors and Auditors - Where required for legal compliance, risk management, or the establishment, exercise or defense of legal claims;</li>
<li>Supervisory and Public Authorities - Where disclosure is required by law or based on lawful requests (e.g. tax authorities, regulators, law enforcement);</li>
<li>Cloud and Data Storage Providers - For secure data hosting and storage services;</li>
<li>External Tax Advisors - Where necessary for fulfilling our tax compliance obligations;</li>
<li>Potential Acquirers or Investors - In the context of mergers, acquisitions, or other corporate transactions, subject to strict confidentiality obligations.</li></ul>

<div>Where we engage third parties to process your Personal Data on our behalf, we do so under a data processing agreement (DPA) in accordance with Article 28 GDPR. These processors are contractually obliged to:</div>
<ul><li>Act only on our documented instructions,</li>
<li>Implement appropriate technical and organizational security measures, and</li>
<li>Refrain from disclosing your data to other third parties unless legally required.</li></ul>
<div>Please note that not all recipients qualify as data processors. In some cases, parties process your Personal Data as independent Controllers under Article 4(7) GDPR. This applies, for instance, to financial institutions (e.g., fiat on-ramp providers) that are independently required to retain certain information for compliance with financial or anti-money laundering laws. In such cases, Processing is carried out based on their own legal grounds under Article 6 GDPR, and no processing agreement under Article 28 GDPR is required.</div>
<div>In specific situations, data may be processed under a joint controllership arrangement pursuant to Article 26 GDPR, where two or more parties jointly determine the purposes and means of Processing. In such cases, we enter into a binding agreement which transparently allocates the respective responsibilities - especially concerning the exercise of Data Subject rights and information obligations under Article 13 and 14 GDPR. The essence of this agreement is available upon request.</div>
<div>Disclosures to public authorities, courts or regulators are strictly based on a legal obligation under Article 6(1)(c) GDPR. Such entities act as independent Controllers.</div>
<div>In the context of corporate transactions (e.g. mergers or acquisitions), potential acquirers may process Personal Data as separate Controllers, depending on the stage and structure of the transaction.</div>

<div>Our business operates internationally, with partners and service providers located in various countries. This means your Personal Data may be transferred outside your country of residence or, for European customers, outside the European Economic Area (EEA). Such transfers occur only when necessary to fulfill your requests, process transactions, or provide our Services.</div>
<li>Your personal information may be processed in countries where data protection laws differ from those in your home country. However, we are committed to protecting your data with the same standards and principles as apply where we first collected it.</li>
<li>To ensure your personal data receives a consistent level of protection, we rely on several legal mechanisms for international data transfers, including:</li>
<li>Transfers to countries recognized by the European Commission as having adequate data protection standards.</li>
<li>Use of European Commission-approved Standard Contractual Clauses (SCCs) for transfers to countries not deemed adequate, including intra-group transfers and transfers to service providers.</li>
<li>Where applicable, other lawful transfer bases such as your consent, compliance with legal requirements, performance of contracts, or important public interest justifications.</li>
<div>We will not transfer your personal data outside your country or, for Europeans, outside the EEA unless one of these legal safeguards or grounds applies.</div>
<div>For more details or to receive a copy of the safeguards we use, please contact our Data Protection Officer at <e>privacy@kucoin.eu</e>.</div>

<div>We retain your Personal Data only for as long as necessary to fulfil the purposes for which it was collected, including complying with legal, accounting, regulatory requirements or defending legal claims. </div>
<div>The specific retention periods vary depending on the legal basis and purpose of processing. In particular, statutory retention periods applicable to KuCoin EU include, but are not limited to, the following:</div>

<ul><li>Personal Data processed to perform a contract is generally stored for the duration of the contractual relationship and until the expiry of applicable statutory limitation periods. Under Austrian civil law (Section 1486 of the General Civil Code (ABGB)), this period is typically three years. In certain cases, such as pending legal disputes or where the extended limitation period under Section 1487 ABGB applies, data may be retained for up to 15 years, based on practical experience with the enforcement of claims.</li>
<li>Tax-relevant data is retained for at least seven years following the end of the relevant calendar year, in line with Section 132 BAO and Section 212 UGB.</li>
<li>Where Processing is based on your consent, Personal Data is retained until consent is withdrawn or the data is no longer necessary for the original purpose. Retention beyond this only occurs where required by law (e.g., tax or civil law retention obligations or retention periods as described above, Section 1486 and 1487 ABGB).</li>
<li>Where Personal Data must be retained by law or to establish, exercise or defend legal claims,retention periods may extend beyond standard durations. For example, transaction data collected under anti-money laundering laws (such as under the FM-GwG) must be retained for 10 years after termination of the business relationship.</li></ul>
<div>Once a retention period expires and no further legitimate purpose for retaining the Personal Data exists, we will securely delete or irreversibly anonymise your Personal Data, in line with applicable data protection laws.</div>

KuCoin EU Privacy Policy

KuCoin EU Privacy Policy:

Broad Asset Coverage

Community Support

High-Performance Trading Channels

One-Click Key Management

Multilingual API Resources

Why KuCoin API?

Support & Feedback

1. Sign up for a KuCoin account

2. Create your API key and review the documentation

3. Integrate SDKs or write your own code

Quick Start Guide

KuCoin API

The system has detected abnormal activity on your account. To ensure your account security, please change your login password.

The system has detected abnormal activity on your account. To ensure your account security, the platform has frozen your account. Please contact our Customer Support for more info.

Security Tips

Scan QR Code to Download App

Scan to Join

The {brandName} app and website allow you to trade crypto with ease.

Your questions, answered. Contact {brandName} customer support with your questions at any time.

The {brandName} Global Community is home to millions of users from 200+ countries, with support for 20+ languages.

You didn't log in to claim your Red Packets, and they have been returned. Remember to log in next time!

You're not logged in yet. Logging in will give you a better chance of grabbing Red Packets. Log in now!

(Dynamic passcode has been sent to your phone)

Log in to claim your Red Packets, or they will be returned!

Captcha

Voice Verification

Dedicated Account Manager

Beginner Zone

Futures Brawl

12.12 Super Week

Search results are from the KuCoin Web3 Wallet.

KuCoin EU is a regulated European crypto platform, offering secure, compliant access to digital assets with a mission to enable value to move freely across Europe.

Trust First. Trade Next.