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In the first half of 2022, the audience of the KuCoin cryptocurrency exchange increased by 219% compared to January-June of the previous year. The indicator has exceeded the
In the first half of 2022, the audience of the KuCoin cryptocurrency exchange increased by 219% compared to January-June of the previous year. The indicator has exceeded the limit of 18 million users.
Numbers don’t lie
#KuCoin #BUIDL pic.twitter.com/K4FbyuveED
— KUCOIN (@kucoincom) July 7, 2022
Of the 9.75 million new customers, 6.75 million reside in Asian countries (+659%). User growth from Latin America, Africa and the Middle East was 216%, 152% and 142% respectively.
The trading volume of the platform in the reporting period exceeded 2 trillion dollars (+180%). The daily turnover of the spot market, which peaked in May, reached a record level of 11 billion dollars, while the futures market reached 23 billion dollars.
Since the beginning of the year, KuCoin has added 137 crypto assets to the list, bringing the number to over 700.
The platform offered BTC, ETH, and USDT in pairs with the Euro and Brazilian Real, and promised to add support for other fiat currencies.
From January to June, the exchange introduced the KuCoin Wallet Web3 wallet and launched a $100 million fund for NFT creators.
The release of the financial statements came after rumors of the company’s bankruptcy. The CEO of the exchange, Johnny Liu, warned of possible prosecution of malicious people.
Recall that in May, KuCoin raised $150 million at a valuation of $10 billion.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
