KuCoin's User Base Surges 41 Million, Trading Volumes Hit $1.9 Billion

KuCoin, a prominent South Korean crypto exchange, reported a strong performance in the first half of the year, driven by increased domestic interest and global expansion. The exchange saw a significant increase in its user base, surpassing 41 million registered users. This growth was fueled by the rising demand for cryptocurrencies in South Korea and KuCoin's strategic global expansion efforts.

KuCoin's success in the first half of the year was marked by several key achievements. The exchange achieved $1.9 billion in daily trading volumes, often driven by new daily trending tokens. Notably, KuCoin was among the first to list Pump.fun’s PUMP, which became a top trending asset. Spot trading on the platform saw double-digit growth, highlighting the strong demand for outperforming assets and hot meme tokens.

In addition to its trading volumes, KuCoin broke above the milestone of 1,000 listed assets. This was driven by robust spot demand and the minting of new trending tokens. The exchange has been strategic in adding assets, focusing on high-liquidity meme tokens, RWA assets, and liquid blue-chip markets. This approach has allowed KuCoin to tap into some of the most successful trends in the crypto market.

KuCoin also made significant strides in enhancing its security and compliance measures. The exchange received advanced certifications, including SOC 2 Type II and ISO 27001:2022, underscoring its exceptional safety standards. KuCoin was awarded an AAA security rating by CER.live, making it one of the four most secure exchanges globally. To further ensure the safety of its community, KuCoin included a $250 million fund for insurance coverage as part of the $2 billion Trust Project.

KuCoin's efforts to expand its offerings and improve security were complemented by its strategic moves in the regulatory landscape. The exchange secured a MiCA application to operate freely in the European Union and opened KuCoin Thailand, a fully regulated local exchange under the KuCoin brand. This move marks a shift from KuCoin's previous isolation and adherence to stricter South Korean requirements. Looking ahead, KuCoin plans to reach other regions, including the Middle East and North Africa (MENA) and Latin America (LATAM), where spot trading has been picking up.

In addition to its core crypto exchange services, KuCoin is also embracing the trend of crossing over into fintech. KuCoin Pay expanded globally in the first half of the year, enabling a mix of crypto services and real-world payments. The platform partnered with multiple regional fintech apps in Southeast Asia, further expanding its reach and utility. KuCard experienced over 30% growth in transaction volume, offering 8.5% cashback for high-tier users. The Trading Bot platform of KuCoin saw 8.9 million bots created, with a 40% growth in volumes. Over 170 new tokens and 106 futures markets were added, catering to the growing demand for automated trading.