KuCoin’s 2024 Year in Review: Growth, Innovation & Security
The post KuCoin’s 2024 Year in Review: Growth, Innovation & Security appeared on BitcoinEthereumNews.com.
Exchange News User Growth of the exchange surpassed 38 million users, with rapid expansion in LATAM and MENA. Futures Market introduced 125 new assets, attracting 3 million+ traders. For 2025, the focus remains on security, compliance, and innovation. A Year of Milestones and Expansion: 2024 was a transformative year for KuCoin and the broader crypto market. Despite challenges, the exchange has reinforced its commitment to security, compliance, and user experience. The journey was marked by remarkable achievements: User Growth: Surpassed 38 million users, with rapid expansion in LATAM and MENA. Spot Trading Surge: MENA’s trading volume tripled, while Europe saw a 144% increase. Record Listings: Over 300 new listings, with a 170% growth in Q4. Futures Market Expansion: Introduced 125 new assets, attracting 3 million+ traders. Rewards Hub Engagement: Welcomed 15 million new users through incentives. KCS Ecosystem Growth: Surpassed 2 million holders with a $1.7 billion market cap. Compliance Achievements: First global exchange registered with India’s FIU, securing five regulatory licenses worldwide. Industry Landscape: Trends & Developments Key drivers of the 2024 crypto market included regulatory progress, institutional adoption, and macroeconomic shifts: Bitcoin & Ethereum Milestones: Bitcoin hit $100,000 after ETF approval and the halving event. Ethereum’s Cancun upgrade secured ETF approval. Meme Coin Boom: Market cap exceeded $100 billion, fueled by community-driven tokens with enhanced utility. Regulatory Evolution: Europe advanced MiCA regulations, while Asia saw varied enforcement—China and South Korea tightened policies, whereas Singapore and Hong Kong fostered innovation. Macroeconomic Factors: The Federal Reserve’s rate cuts revitalized investor confidence and market liquidity. Strengthening Security & Compliance KuCoin advanced security and regulatory adherence through: AML & KYC Enhancements: Real-time monitoring and proactive risk management. Bug Bounty & Encryption: Strengthened data protection in collaboration with Bugcrowd. Global Compliance Recognition: Registered with India’s FIU, secured five licenses, and earned accolades from…
Filed under: News - @ February 10, 2025 1:21 pm