Showing posts with label KuCoin. Show all posts
Showing posts with label KuCoin. Show all posts

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.

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KuCoin Sees 1144% Rise in Users, Woman Traders Reach Unprecedented 38%

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 research, new KuCoin users increased by 1144 percent in 2021, reaching a total of 10 million. The percentage of female traders on the exchange has tripled, reaching a new high of 38 percent.

Year-over-year growth is strong.

KuCoin's average daily trade volume increased by 791 percent year over year to $4.3 billion. According to Coinmarketcap, the number of transactions on KuCoin has reached 810 million, with a total transaction volume of $400 billion, ranking KuCoin fifth among crypto exchanges. Only Binance has more trading pairs and listed coins than the site, which has always positioned itself as one of the largest altcoin exchanges.

KuCoin also boasts a record-breaking growth in mobile users, who now outnumber web traders for the first time — 54 percent to 46 percent. The number of mobile app installs surged by 755 percent year over year and 178 percent quarter over quarter, owing to increased demand for payment services among merchants worldwide and increased use of mobile and contactless payments.

The distribution and tastes of traders have shifted over time, with more users preferring for long-term holding and automated trading (25 percent users).

The number of female crypto-traders has risen to an all-time high.

Women are increasingly investing in cryptocurrencies, thanks to Coinbase Global Inc.'s initial public offering and Bitcoin's recent record-setting high.

According to the data, women account for about 40% of KuCoin users who have traded cryptocurrency so far in 2021. The number has tripled in the last six months, with a 120 percent QoQ increase and a 350 percent YoY increase. Women now account for 38 percent of KuCoin customers, making it the biggest crypto exchange in terms of female trading. The CEO of KuCoin, Johnny Lyu, had this to say on the increasing number of women on the platform:

“Over the last year, we've made significant progress onboarding new users and making it simple for men and women to join. […] The exchange has also developed a variety of new crypto services that make it simple for consumers with little knowledge of cryptocurrencies to get started trading. The increase in female traders on KuCoin has us impressed. Today, KuCoin may be the crypto exchange with the highest proportion of female users.”

The increased financial and technological savvy of female crypto users, as well as their desire to become more financially independent, are causes behind this growth, according to KuCoin.

Several cryptocurrency exchanges have already reported an increase in female users. eToro Group Ltd., a digital trading platform, said that the number of female traders has doubled to around 20% of all users in the United States.

The price of KuCoin is also rising.

KuCoin (KCS) also had a strong month in July, with a price increase of about 40%, bringing it to $14, making it one of the best-performing crypto exchange native tokens.

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