In the second quarter of 2018, KuCoin's user base increased by over 1,100%, with a total volume of over $400 billion dollars.

According to a press release issued on August 30, 2021, cryptocurrency exchange KuCoin revealed that the total number of new members in Q2 2021 surpassed two million, representing a record quarter-over-quarter rise of 1,144 percent and a year-over-year increase of 709 percent.


So far, KuCoin has seen 810 million transactions worth $400 billion. The average daily trading volume has risen 791 percent in the last year, to $4.3 billion. While it falls behind Binance, Coinbase, Huobi Global, and FTX in terms of market capitalization, it remains one of the world's top crypto exchanges.

Users of KuCoin on mobile devices are also on the rise, with a 755 percent increase in installs compared to the previous year. With 1.07 million installations in the second quarter of 2021, there was a 178 percent rise quarter over quarter. Currently, over half of traders (54%) use the platform on their mobile devices.

Mobile trading outperformed the exchange's web version for the first time in terms of metrics. The increased demand for payment services among retailers around the world, as well as the widespread use of mobile and contactless payments, could explain this trend.

In the last six months, the number of female users has more than tripled. This year's fast crypto sector expansion has been aided by a 120 percent quarterly surge in new female users and a 350 percent annual increase.

In comparison to the same period last year, not only did the number of women's accounts increase, but so did the volume of deposits they made. Women made up only 12% of its customers a year earlier, compared to 88% of men. Females now make about 38% of its users.

Johnny Lyu, the CEO of KuCoin, said:

“Over the last year, we've made significant progress in onboarding new users and making it simple for men and women to join. KuCoin, in particular, has been giving its users with educational manuals, 101 sections, and AMA sessions with the CEO in order to accomplish such growth.”

Additionally, Lyu stated:

“We've also released a number of new crypto services that make it simple for consumers with no prior knowledge of crypto to get started trading. We are convinced that one day everyone will be interested in crypto, and we will help to make that happen.”


KuCoin enters new markets.

KuCoin will continue to spread into new areas and markets in 2021, with the technology being embraced on a national scale in emerging Latin American, African, and Asian countries, with a QoQ rise in users of 171.93 percent, 130.16 percent, and 67.5 percent, respectively. People who reside in locations where inflation is high and mobile phones are readily available are the most likely to use the exchange.

In instance, a growing number of Central American and Caribbean countries, such as El Salvador, have adopted Bitcoin as their official currency. Earlier this week, Honduras erected its first cryptocurrency ATM, while Cuba became the fourth country to acknowledge and regulate cryptocurrencies like Bitcoin.

Finally, in the second quarter of 2021, the trading volume of KuCoin's African customers increased by 20 times as compared to the previous quarter.

According to the most recent data, African cryptocurrency markets are experiencing a massive rise in the second quarter of 2021. As a result, the company has also launched highly specialized services for African customers ahead of schedule, which is proportionate.

Share:

No comments:

Post a Comment

Note: only a member of this blog may post a comment.

Hot Topic

CEO of Messari: "Bear Markets Are Good for Cleaning House."

 Although most of the crypto industry has had a difficult winter, Messari CEO Ryan Selkis believes that a little austerity will be good for ...

counter, at the bottom of the page, in a table, div or under a menu.