Hassan Maishera
Global cryptocurrency exchange KuCoin, announced via a press release on Wednesday, September 28th, that it is celebrating its fifth anniversary.
KuCoin has been around since September 2017 and has grown to become one of the largest cryptocurrency exchanges in the world. The exchange has expanded from its original seven co-founders to a highly effective team of over 1,000 people across the globe, scaling 142 times.
Furthermore, the KuCoin exchange currently serves 20 million crypto users across more than 200 countries. Along with the rapid growth in the number of users, the cumulative trading volume of the KuCoin platform has exceeded $2 trillion, with the highest single-day trading volume exceeding $30 billion.
KuCoin added that it also supports more than 700 coins and 1200 trading pairs, providing users with a wealth of investment targets and options. The cryptocurrency exchange said it had built one of the largest crypto communities in the world, supporting 23 languages and over 1 million community members. KuCoin is currently one of the top 5 crypto exchanges, according to CoinMarketCap. In 2022, The Ascent and Forbes named KuCoin the Best Crypto App for enthusiasts and one of the best crypto exchanges of 2022, respectively.
KuCoin allows traders and investors to enjoy a wide range of services, including Spot Grid, Dollar-Cost Averaging (DCA), Futures Grid, Smart Rebalance, KuCoin Pool, and Infinity Grid products.
Despite the rapid growth recorded over the past few years, KuCoin said it would continue its efforts in the web3 ecosystem. The release of Wonderland, an interactive NFT launch platform designed for crypto and traditional games, shows KuCoin’s efforts in the crypto industry.
In terms of regulation, kUcoin said its experts are currently finalizing a flexible strategy that meets current realities, one that will allow KuCoin to support all users, giving them free and unrestricted access to digital assets.
The cryptocurrency exchange added that it would launch a series of events starting from September 28, 2022, to thank users for their support. The events include trading campaigns, Buy BTC/ETH/KCS with a 10% discount, 5th Anniversary Limited Edition NFTs, and more.
KuCoin added that the release of Mystery Boxes is one of the planned events. Owning any one of the boxes of two different rarity levels gives users a chance to be whitelisted on the Windvane Launchpad.
The My Crypto Story with KuCoin is another one of the events. The event would allow users to write down their stories about crypto by October 11 to share a total prize pool of $20,000. The user with the highest number of votes will win up to $2,000. In addition, those who participate in the voting will have the opportunity to share a $5,000 prize pool.
Finally, the crypto exchange said the KuCoin Community Chain (KCC) would jointly hold KCC Beowulf – the first major Web3 event, together with KuCoin Wallet and Windvane.
It explained that KCC Beowulf is a 7-week interacting activity with more than 20 projects deployed on KCC, including decentralized exchanges (DEX), lending protocols, wallets, cross-chain bridges, and Web-3.0 protocols, participating.
KuCoin is one of the leading crypto exchanges in the world and has been around since 2017. The Seychelles-based exchange has a user-oriented platform focused on inclusiveness and community action reach and allows users to trade over 700 digital assets.
The low KuCoin fees make it one of the most attractive cryptocurrency exchanges in the world. Is KuCoin available in the US? At the moment, KuCoin isn’t licensed to operate in the United States. However, with the exchange’s globalization plan currently in motion, KuCoin could be expanding into the North American country soon.
