The Bitcoin and Litecoin mining pools on KuCoin will be suspended post August 15 until further notice.
The exchange said the decision was"in line with KuCoin's evolving business strategy" but didn't elaborate further. It's unclear if the decision is related to the upcoming Litecoin halving. KuCoin staff wrote:
The exchange also warned users to back up and preserve their mining records and related data before Aug. 27. "First things first, KuCoin is operating smoothly. Our recent H1 2023 report shows strong growth in users and new listings, and our talented team is expanding steadily."
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