- KuCoin recorded a 106% surge in spot buying and selling volumes and a 16% progress in consumer base.
- Latin America, the Center East, and Africa led within the consumer base enlargement.
- The alternate launched 149 new property in 2023, increasing to 830 tokens.
Because the crypto group steps right into a transformative 2024, Seychelles-based crypto alternate KuCoin has launched a brand new report capturing the alternate’s transformative feats recorded in 2023, marked by unparalleled progress, innovation, and resilience.
One among KuCoin’s standout achievements in 2023 was the staggering 106% surge in spot buying and selling volumes and progress in its consumer base. Particularly, the report disclosed that KuCoin skilled a notable 16% year-over-year surge in its consumer base. In consequence, KuCoin now boasts practically 31 million registered customers as of December 2023.
The Latin American area took the lead in consumer base enlargement, witnessing a 34% improve over the previous yr. Different pivotal areas just like the Center East and Africa skilled a 27% surge, carefully adopted by Europe with a 25% rise in comparison with 2022.
Moreover, the alternate highlighted that social media performed a significant position in its outreach efforts. As an example, its X and Instagram accounts following grew by over 14% to 2.9 million in 2023.
Moreover, the report acknowledged the alternate’s buyer help has been a cornerstone of its success. KuCoin help brokers addressed over 1.5 million queries in 2023, offering customers with round the clock help.
Furthermore, the AI-driven chatbot, which KuCoin launched in April 2022, considerably contributed to swift question decision. In accordance with the report, this AI software assisted greater than 800,000 customers by December 2023.
The 2023 reflection report additionally disclosed that KuCoin applied complete anti-fraud measures to fortify safety and fight enterprise scams. These measures included verifications of enterprise pockets addresses, official contact, and complicated anti-phishing. In accordance with KuCoin, the combination has confirmed extremely efficient, considerably diminishing the chance of fraudulent actions on the platform.
KuCoin seemingly printed its Proof of Reserves (PoR) experiences for the previous 12 consecutive months. The PoR experiences affirmed the alternate holds customers’ property above a 1:1 ratio for Bitcoin, Ethereum, USDT, and USDC. Moreover, KuCoin launched 149 new property in 2023. This expanded the entire tradable digital property to 830, supporting 1,246 buying and selling pairs.
The platform’s native token, KuCoin Token (KCS), noticed its forty second burn in December 2023. Following the burn occasions, KSC’s circulating provide turned 96,641,044 tokens. In addition to, KCS token adoption witnessed a gentle 11% progress, reaching 1.9 million holders.
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