In style cryptocurrency alternate KuCoin has launched its 2023 first half assessment, demonstrating spectacular progress and innovation in a difficult market setting. The alternate famous that regardless of volatility within the cryptocurrency market, it has maintained sturdy progress, expanded its consumer base and adopted regulatory necessities to enhance consumer expertise and belief.
One of many highlights of the assessment is the enlargement of KuCoin’s consumer base, which has grown by 26% year-over-year and is predicted to develop by 26% by 2023. reached a powerful 29 million variety of registered customers. Based on the official assertion, Latin America (LATAM) area led the expansion. Different areas, together with the Center East and Africa, Europe and Asia, noticed important progress in comparison with the primary quarter of 2022. half a yr
Along with its increasing consumer base, KuCoin has seen buying and selling volumes within the spot and futures markets surpass $1 trillion. The report famous that the expansion was pushed by varied areas, indicating the worldwide enchantment of the alternate.
As well as, the KuCoin buying and selling bot has grown exponentially, with customers creating 12 million bots and buying and selling quantity exceeding 5.7 billion USDT in 2023. the primary half of the yr.
Moreover, the alternate mentioned it has carried out complete safety measures, together with industry-standard encryption algorithms and multi-factor authentication for all consumer accounts. KuCoin claims that almost all of buyer funds are held in chilly wallets, offering higher safety.
Curiously, KuCoin has partnered with cybersecurity agency Hacken to launch its largest bug mitigation program, providing $1 million bug bounties to additional strengthen its safety measures. Johnny Lyu, CEO of KuCoin, mentioned:
“We prioritize distinctive customer support, having efficiently dealt with over 300,000 consumer inquiries utilizing the facility of an AI-driven chatbot in 2023. January-June. Belief and transparency are on the core of KuCoin’s values.
Additional, the assessment report famous that the alternate had commonly printed its Proof of Reserves (PoR) knowledge since 2022. finish, assuring customers that their funds are absolutely protected. Newest 2023 June 30 snapshot reveals excessive inventory ratios for varied cryptocurrencies akin to Bitcoin (BTC), Ethereum (ETH), USDT and USDC.
It’s price noting that KuCoin’s world enlargement efforts have been profitable – in 2023. within the first half of the yr, greater than 300 new staff members joined the corporate. As well as, KuCoin’s world group and social media have grown dramatically, with a 20% enhance in customers. engagement and a couple of.5 million Twitter followers spanning 24 world communities throughout languages and geographies.
