KuCoin Reports Over 38 Million Users with Significant Growth in 2024
KuCoin, a major crypto exchange, reported significant growth in its 2024 Annual Review. Key highlights include:
- User base expanded to over 38 million, with notable growth in LATAM and MENA regions.
- Trading volume surged, with spot trading tripling in MENA and a 144% increase in Europe.
- New asset offerings doubled, leading to a 170% increase in listings in Q4 compared to Q3.
- Futures trading added 125 new assets, attracting over 3 million users and a 30% growth in Q4.
- Ranked as the eighth largest exchange, exceeding $1 billion in daily trading volume.
- Enhanced security and compliance measures, including registration with India's Financial Intelligence Unit and five global regulatory licenses.
- Settlement with the US Department of Justice involved a $300 million payment for Bank Secrecy Act violations, allowing focus on growth and innovation.
- Launched platforms like GemPool and GemVote to enhance community engagement and transparency.
- Trading Bot platform saw a 49% increase in newly created bots in Q4.
- Corporate social responsibility efforts included distributing 10,000 solar lamps in Africa, impacting 50,000 children.
In 2025, KuCoin aims for AI-powered platform upgrades while focusing on security, compliance, and global growth.