KAI Exchange Facilitates Historic Trade of 380 Tons of Copper Using 0.9 BTC
On March 10, 2026, KAI USAD Global Exchange completed a landmark trade using 0.9 Bitcoin to settle 380 tons of copper. The transaction, involving Dubai Ocean Nuclear Energy Mineral Group, signifies a shift from traditional Bank Letters of Credit to cryptocurrency for large-scale industrial trade. Bitcoin's value was approximately $4.928 million USD per unit at the time, allowing the deal to be valued around $4.43 million USD. This event may indicate a broader trend towards decentralized assets in global trade.
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KAI USAD Global Exchange executed a significant trade on March 10, 2026, settling 380 tons of copper with 0.9 Bitcoin, valued at about $4.43 million USD. This transaction, led by Dubai Ocean Nuclear Energy Mineral Group, marks a shift from traditional Bank Letters of Credit to cryptocurrency in industrial trade.
The London Metal Exchange priced copper at $11,725 per ton, with the Bitcoin payment covering the entire shipment from Tanzania to East Asia. KAI Exchange aims for an annual clearing volume of 3 million tons of copper, potentially decoupling over 10% of the copper trade from traditional banking systems, valued at $175.5 billion USD.
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