4 Years of KuCoin: From a 7-Person Team to 8 Million Users Worldwide
The 4th anniversary marks a special moment for KuCoin. They’ve recently claimed at TechCrunch Disrupt 2021 that it intends to be the first and biggest social trading platform in the crypto sector. This couldn’t happen without the initial 7-person team finding a way to spearhead crypto adoption in 2013. Little did they know, KuCoin would become a global enterprise with over 600 employees and serve 8 million users in 207 countries. KuCoin started solely as a spot-crypto trading platform. It’s now morphed into a massively rich crypto ecosystem due to onboarding industry-standard services such....
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KuCoin, one of the leading crypto exchanges, has announced its financial report for the second quarter of 2021, revealing solid growth in adoption and exchange metrics, such as new users, trading volumes and price performance. According to the report, the number of new KuCoin users has grown by 1144% in 2021, totaling 10 million. The […]
Cryptocurrency exchange KuCoin has pleaded guilty to operating an unlicensed money transmitting business, as reported by Bloomberg. KuCoin Agrees To Hefty Fines The plea was made before US District Judge Andrew Carter in Manhattan, who imposed a substantial penalty on KuCoin. The company agreed to pay nearly $300 million in fines and forfeitures, which includes […]
Cryptocurrency exchange Kucoin may have been hacked for $150 million in bitcoin and multiple ERC20 tokens. The Singapore-based exchange confirmed the September 25 security breach, but did not disclose the amount stolen. “Bitcoin, ERC-20 and, other tokens in Kucoin’s hot wallets were transferred out of the exchange,” said Kucoin in an update on Saturday. Meanwhile, Bitfinex and Tether, issuers of the centralized stablecoin USDT, immediately froze a combined $33 million worth of USDT suspected to be part of the funds looted in the Kucoin hack – an action that has....
Cryptocurrency exchange KuCoin has ventured into the Metaverse. Its investment and research arm KuCoin Labs on Wednesday announced the launch of “KuCoin Metaverse Fund”. It plans to support early-stage Metaverse projects with $100 million. The fund will also go towards supporting and incubating other startups in the GameFi, non-fungible tokens (NFT), and decentralized infrastructure spaces. KuCoin will […]