Since the introduction of KuCoin, it is getting very popular with each passing day. This is due to the high features that it provides combined with low fees. KuCoin is one of the most popular crypto exchange platforms, and one out of every three crypto investors outside the United States are using KuCoin for their trading and investment. There are many reasons for the popularity of KuCoin.
Last year was a huge surprise to the crypto industry. The bitcoin achieved a 60 percent gain, and many other coins, such as ALGO, and DOGE coin, witnessed a significant gain against the USDC. The trading volume of KuCoin has also reached an all-time high, and in this article, we will shed light on facts and figures about the trading volume so you can understand the demand for KuCoin. So let’s begin.
Trading Volume
The trading volume of the crypto exchange platform is the primary method of determining its value. The total trading volume of KuCoin crossed the $1 trillion milestones that included spot and futures trading by the end of last year. KuCoin enjoyed a daily trading volume of $3 billion, which increased by 1100 percent compared to the previous year. On 4th December 2021, the daily trading volume of KuCoin reached $13 billion, breaking all the previous records. On 13th May 2022, the daily trading volume reached $10.53 Billion. KuCoin enjoyed an increase in sports market share from 1.42% to 6.79%, and future trading grew from 0.48% to 3.09% and is faster than any other trading platform in the industry.
User Volume
The high number of users means high liquidity. KuCoin is a global platform, and at the end of 2021, KuCoin has over 10 million registered users, and the count is increasing daily. The user increase was 11 times as compared to last year. The number of Asian Users Increased by 21.6 percent, and in Europe, 16.8% of new users joined kuCoin for their crypto trading and investment.
KCS
KCS is the primary currency of KuCoin, and its value is dependent upon the success of KuCoin. With the rapid rise of Kucoin’s popularity, the value of KCS has also increased and reached its highest point on 1st December 2021. KCS has increased by 3116% compared to the original value and has become the best-performing exchange coin. The burning of KCS is the main factor of its growth, and for the increase in burn rate, KuCoin has shifted the buyback and burn period from quarterly to monthly.
Trading Experience
KuCoin provides the best trading experience to its users, which is why most people are switching to it. To meet the high number of users, KuCoin has launched the answer bot feature that addresses 80% of queries, and 70% are satisfied by the customer service. The customer service agent can meet the demand of remaining users.
Conclusion
KuCoin is arguably the best-performing crypto exchange platform that has grown exponentially in the last few years. The trading volume has reached over $1 trillion, with daily trading of $3 billion. It has more than 10 million active users, and if you are willing to trade in crypto, then there is no better platform than KuCoin.
