Number of Africa-Based Users on Kucoin Platform Surge by 200% in First 10 Mon...
Despite largely lagging behind the rest of the world on many other metrics, Africa however appears to have kicked things into high gear where cryptocurrency and blockchain are concerned. Africa-Based Kucoin Users Skyrocket in 2021 In African countries that are plagued by currency woes or hyperinflation, cryptocurrencies have emerged as a genuine alternative store of value. The same digital currencies are also increasingly becoming the preferred means of sending remittances or for making cross-border payments. In other words, cryptocurrencies have real uses in Africa....
Related News
The number of cryptocurrency users in Africa grew by almost 2,500% between January 2021 and January 2022, while the average number of monthly transactions went up by 1,400%, a new report by Kucoin has said.
Widespread Adoption of Cryptocurrencies
According to a new report by crypto exchange Kucoin, the number of cryptocurrency users in Africa grew by nearly 2,500% between January 2021 and January 2022. During the same period, the average number of monthly transactions also went up by almost 1,400%, the report added.
Although the African continent’s....
A recent report by KuCoin reveals that the number of crypto transactions has increased by 2,670% in some African countries. Cryptocurrency adoption in Africa is on the march, despite socioeconomic factors and headwinds. A positive report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022.An astonishing growth trend, the steep influx relates to the low values that have been observed during previous periods. The number of crypto transactions in Africa constitutes roughly 2.8% of global volumes.Johnny Lyu, CEO of KuCoin, told Cointelegraph that....
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 […]
KuCoin enters the Web3 world with a new decentralized wallet platform featuring cross-blockchain trading, DeFi and NFT functionality. Cryptocurrency trading platform KuCoin has launched a new decentralized wallet platform as interest in Web3 continues to gather steam. KuCoin Wallet is now live for users, with the browser-based platform paving the way for a mobile application which is still in development. The platform plugs into the KuCoin ecosystem and features cross-blockchain integration. Users will be able to buy, sell, trade and send a variety of cryptocurrencies including Bitcoin....
On Friday afternoon, a number of Twitter users began to notice large withdrawals of Ethereum and ERC-20 tokens from Kucoin’s designated addresses. In the span of about thirty minutes, about $150m worth of ETH tokens left the wallets marked “Kucoin” and “Kucoin 2” on Etherscan. As the coins that were withdrawn were basically all the […]