- By the first quarter of 2022, KuCoin had 18 million registered users.
- The European market topped the first half of 2022 with $481 billion in trading volume.
In its semi-annual report, KuCoin, the world’s leading cryptocurrency exchange, highlights the key indicators and accomplishments of 2022. Market performance and new product development are the focus of this study, which seeks to strengthen the exchange’s position in the rapidly expanding global marketplace for decentralized assets.
By the first quarter of 2022, KuCoin had 18 million registered users and 1,000 workers worldwide, according to its H1 report. After receiving a $150 million pre-Series B fundraising round from Jump Crypto, Circle Ventures, IDG Capital, and Matrix Partners, the announcement comes as KuCoin’s value has risen to $10 billion in recent days.
9.75 Million New Users Sign Up
KuCoin’s Spot and Futures trading volume has exceeded $2 trillion since the beginning of the year, a 180 percent increase over the same time in 2021. There were $11 billion in spot trading and $23 billion in future trading at their peak.
The European market topped the first half of 2022 with $481 billion in trading volume, an increase of 381 percent over the same time last year. Africa and the Middle East witnessed $392 billion in volumes climb by 152 percent to $453 billion in Latin America.
KuCoin’s user base grew by 219 percent in the first half of 2022, mostly in Asia, Europe, Africa & the Middle East, with 9.75 million new users signing up. In the first half of the year, Asia added more than 5.6 million new users, a 659 percent increase.
Compared to the same time in 2021, Latin America, Africa, the Middle East, and Europe had a 216 percent, 152 percent, and 142 percent growth. KuCoin is looking to add roughly 300 new employees to its R&D, marketing, and business development departments despite the recent crypto market breakdown.
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Source: https://thenewscrypto.com/kucoin-quarterly-report-reveals-219-jump-in-new-user-sign-up/