KuCoin Reaches 10 Million Global Registered Users

VICTORIA, Seychelles--(BUSINESS WIRE)--KuCoin, the world’s leading crypto exchange, announced it has crossed the 10 million global users mark.

Hitting the 10 million mark means that KuCoin has made it to the top 5 cryptocurrency exchanges, sharing the same number of users with the largest digital assets platforms. According to the latest statistics, KuCoin experienced a 9-fold increase in newly registered users compared to the previous year, and 23 times year-over-year growth in trading volumes.

The growth of financial and social metrics has also boosted the value of KuCoin’s native token – KuCoin Token (KCS) - in 2021, which has reached an ATH since 2018, and a 3,000% increase in price compared to the beginning of this year. The total market cap of KCS has reached $200 million, ranking it No. 75 on CoinMarketCap.

Also known as the home of altcoins, KuCoin has discovered over 540 crypto gems with over 1000 trading pairs, including QI, BOSON, BLOK, RMRK and XCAD in 2021. In addition, KuCoin is adopting a metaverse-friendly business model, dedicating significant resources toward supporting innovative metaverse projects. Previously, the exchange introduced the first Metaverse Token Trading Board, and opened a virtual office through its collaboration with Bloktopia. In November, KuCoin Labs, the investment and research arm of KuCoin, launched a $100 million Metaverse Fund to empower early-stage Metaverse projects.

Johnny Lyu, the CEO of KuCoin, published a letter to celebrate the achievement of the new milestone by launching the latest version of the platform's referral program on December 9, 2021, that provides millions of dollars to reward contributors. For those who have made significant contributions to KuCoin, the exchange has also issued 1,000 special limited edition gold cards. Each cardholder has the privilege of enjoying extra benefits.

Johnny Lyu, the CEO of KuCoin, commented on the matter: “The support of KuCoin users is indispensable to our achievements today. The 10 million mark users ushers in a new era for KuCoin. As an accelerator and member of the emerging industry, KuCoin has the mission of facilitating the global free flow of digital value. As an exchange of, for, and by the people, we want to invite more blockchain talents and experts from all over the world to join us, promoting the mass adoption of blockchain together.”

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 500 digital assets. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 10 million users in 207 countries and regions around the world. In 2018, KuCoin secured $20 million in Round A funding from IDG Capital and Matrix Partners. According to CoinMarketCap, KuCoin is currently the top 5 crypto exchanges. Also, Forbes named KuCoin as one of the Best Crypto Exchanges for 2021.

To find out more, visit https://www.kucoin.com.