KuCoin experienced massive growth, increasing over nine times in terms of newly-registered users compared to the last year. As a result, the cryptocurrency exchange has become one of the top 5 largest crypto exchanges around the world in terms of the user base.
The information about this was announced by the company recently, saying that it has managed to cross the 10 million global users market. According to official data, the crypto exchange experiences an over a nine-fold increase in terms of newly registered users.
As for the growth in trading volumes, the crypto exchange managed to post over 23 times growth in this regard. Due to such a huge increase, the native token of the crypto exchange, KCS, has managed to boost dramatically as well in 2021.
At some point during the year, it has managed to reach an all-time high, increasing over 3000 percent compared to the beginning of 2021. As for the total market cap of the crypto exchange’s native token, it has managed to increase to $200 million. This ranked the company at number 75 on CoinMarketCap.
There are many reasons why KuCoin has managed to become such a popular player in the crypto industry, one of the main reasons being the fact that it offers traders numerous altcoins for trading, among them are over 540 cryptocurrencies, and over 1000 trading pairs.
In addition to all of these, KuCoin is a very active crypto exchange largely focused on adopting a metaverse-friendly business model. This new model will be focused on dedicating different types of resources towards the future development of metaverse projects and offering support to innovative ideas and plans in the industry.
The recently discussed achievement of KuCoin is truly a huge milestone for the company, taking it to a whole new level in the crypto industry. Reaching a user base of over 10 million is a very important milestone, once again proving that KuCoin is truly one of the leading crypto exchanges available in the market.
But, how did this crypto exchange manage to attract so many clients? One of the main reasons for this is the huge dedication and support of KuCoin towards the future success and development of the cryptocurrency trading market.
The crypto exchange has been working very hard on different types of innovative ideas and offerings for its clients, giving them access to different types of services well-tailored to their needs.
This makes KuCoin a great option for crypto traders around the world. Because of this, it is no surprise that the crypto exchanged managed to become such a popular player in the market.
It allows traders to use different types of services, all of them tailored to different types of traders. For example, KuCoin offers its clients to trade on their own, as well as use automated trading robots for a more comfortable trading experience.
KuCoin automated trading offers traders the opportunity to analyze the price movements in the market and make profits without having to do anything on their own. There are numerous automated trading robots created by third parties available on KuCoin, offering traders to analyze the market in a more efficient and time-friendly manner.
The majority of these crypto automated trading robots can be connected with KuCoin trading accounts using a special API key, which allows safe and secure connection for crypto traders.
Using automated trading robots can be very useful for traders of all experience levels. Some think that it is only useful for beginner traders, but that is not true at all. It can be used by more experienced traders as well, who simply do not have enough time to actively trade cryptocurrencies.
KuCoin is a part of the IDG Capital group. The crypto exchange has managed to grow dramatically over the past few years, offering services to citizens of over 197 countries around the world.
The crypto exchange is especially popular among altcoin traders, as it supports numerous altcoins available in the market. The crypto exchange is a very easy and straightforward platform to use for beginner users. It does not need a lot of experience from traders to understand how to get around the exchange, buy, hold, and sell cryptocurrencies.
The website of the crypto exchange comes with a clean design and offers traders the opportunity to not only trade cryptocurrencies but also analyze them.
The cryptocurrency exchange has managed to become one of the fastest-growing exchanges in the market. The past year has been exceptionally successful for the crypto exchange, offering traders of different backgrounds its services.
As the crypto exchange became better-known around the world, it has managed to attract more traders than before, surpassing the 10 million active traders milestone during the year. This was a huge thing for the company, making it one of the top 5 crypto exchanges in the market today.