KUCOIN is a cryptocurrency exchange with spot, margin and futures trading. It ranks first in the world in terms of globalization and stands out for its large number of listed coins.
Official website: https://www.kucoin.com/
Main parameters of the exchange
| Year of foundation | 2017 |
| Country of origin | Hong Kong |
| Number of exchange users | More than 30 million. |
| Founder of the exchange | Michael Gan and Eric Don |
| Exchange reserves | 4.81 billion$ |
| Volumes for 24 hours | 2.65 billion$ |
| Number of coins added | 822 |
| Exchange commission | 0% – 0.3% |
| Exchange token | $KCS |
| Maximum leverage | 100x |
| Exchange application for phone | Eat |
Brief History of KUCOIN
The idea for KuCoin began in the minds of Michael Gan and Eric Don in 2013. They wrote the first code for the company’s platform in a coffee shop, where the idea for the “People’s Exchange” was born. The idea came about when Michael tried to sell some Bitcoin on Mt. Gox (the world’s largest exchange at the time) and found the platform difficult for newcomers to use. Michael and Eric realized that they wanted to rebuild the financial system so that it would serve not just the richest people, but everyone in the world — even the less educated, unemployed, and unbanked.
The KuCoin exchange itself was launched in 2017 and is headquartered in the Seychelles. Since then, the company has grown significantly and now has a global reach spanning over 200 countries.
KuCoin’s ICO raised around $27.5 million in Bitcoin, and they soon received venture funding: $20 million in a Series A funding round in 2018, which helped KuCoin expand into new regions and expand its offerings.
In September 2020, KuCoin was compromised in a hack that resulted in the theft of over $280 million in cryptocurrency from hot wallets on the KuCoin website.
The hack affected 154 tokens on the platform, but within a week, activity had returned to normal and the money had been returned. $222 million was returned through partners and exchanges, and law enforcement managed to recover $17.45 million. The rest was covered by insurance, so users were not left with empty wallets.
Since then, the company has improved security and fixed vulnerabilities in its system.
In 2021, KuCoin’s daily volume exceeded $5 billion, its $KCS token entered the top 50 by market capitalization, and the number of users worldwide exceeded 12 million users.
In 2022, KuCoin’s decentralized trading solution was launched and by the end of the year, decentralized trading had reached 10% of Kucoin’s volume.
KuCoin’s daily volume has exceeded $15 billion, $KCS has entered the top 30 by market capitalization, and the number of users worldwide has reached 25 million people in more than 40 countries.
Currently, Kukoin ranks first in globalization with 27 million users worldwide.
Pros and Cons of KUCOIN
| Pros | Cons |
|---|---|
| #1 in the world in globalization | Mandatory Identity Verification (KYC) |
| P2P service in rubles is available | |
| Large number of tokens on the exchange – 800 pcs. | |
| Confirmed Exchange Reserves |
Promo code upon registration KUCOIN
We have entered into a partnership with the KUCOIN exchange and received an increased discount on the exchange commission, you can get it by entering the promo code when creating a new account in the “Referral code” tab
- Promo code: 1yNQ6Q3
Using it you will receive a welcome bonus of up to 8,200 USDT!
This will subsequently help you save tens and hundreds of dollars in commissions!
