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HomeDeFiKuCoin Trading Volume, Initiatives Surge Amid Market Downtrend

KuCoin Trading Volume, Initiatives Surge Amid Market Downtrend

  • KuCoin reveals its actions in Q1 2022.
  • The platform has launched a number of ventures and initiatives on this interval.
  • KuCoin has additionally exceeded its buying and selling quantity in comparison with Q1, 2021.

Despite the crypto market being down, KuCoin has taken a special strategy to showcase its uptrend. The crypto alternate has exceeded $2 trillion in buying and selling quantity within the first half of 2022. This is a 180% surge in comparison with the identical interval in 2021.

In an official weblog publish, the KuCoin staff reviewed its developmental actions within the first half of 2022. The staff remarked that they’re breaking their highest each day quantity document virtually each quarter. Specifically, in May 2022, KuCoin’s each day spot buying and selling quantity climbed to $11 billion, and the highest each day futures quantity was roughly $23 billion.

Source: KuCoin

Moreover, the platform gained over 9.75 million new registered customers, a 219% enhance from the primary half of 2021. Currently, the platform serves greater than 18 million customers worldwide.

To observe, there’s a increased variety of customers in Asian nations, with 5.6 million new registered customers. Also, newly registered customers in Africa and the Middle East (152%), Latin America (216%), and Europe (142%) elevated in comparison with Q1 2021.

It is value noting that KuCoin additionally expanded its employees staff, onboarding practically 400 skills, with a complete of greater than 1,000 employees globally. The weblog publish learn: “We believe that talent is the key to remaining competitive in the crypto space, and KuCoin will stick to our hiring plan while others are doing layoffs.”

Moreover, KuCoin has listed 137 crypto belongings, making numerous 700 tradeable belongings on the platform. It helps fiat buying and selling pairs, remoted margins, covert perform, and one-cancels-the-other (OCO) orders. KuCoin has particularly centered on Web3 developments corresponding to Wonderland, Windvane, KuCoin Wallet, and KuCoin Community Chain (KCC).

The crypto alternate can be acknowledged as among the best altcoin exchanges of 2022 by main press like Ascent and Forbes Advisor.



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