Decentralized crypto exchange Orca will restrict U.S. users from trading coins via its frontend beginning on March 31, a blow to accessibility for the Solana blockchain’s top DEX.
In a notice published to its website Thursday, Orca said it is “adding the United States to the regions and countries which are restricted from trading on orca.so,” its website. The notice did not provide a reason for the move or why it was coming now. Orca co-founder Grace Kwan did not immediately respond to a request for comment.
The policy change will not impact traders who directly use Orca’s smart contracts – the infrastructure executing token swaps on-chain. That may provide some reprieve for trading volume because much of Orca’s order flow comes via Jupiter, a trade aggregator that plugs into its backend.
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