KuCoin Hits 20 Million Users Landmark Following 219% Increase in H1 2022
- H1 2022 Report by KuCoin unveils an incredible record-high of over 9.75 million new registered users. Its total user base numbers have surpassed the 20 million milestones.
Leading cryptocurrency trading company KuCoin, has reportedly surpassed the 20 Million user landmark. This came to light after the company revealed a record up to 219 percent increase in its user base in the first half of 2022.
KuCoin Surpasses 20M Users Landmark
According to a report on Thursday, the KuCoin H1 2022 Report has unveiled an incredible record-high of over 9.75 million new registered users who had joined the platform during the period. Thus, its total user base numbers have overstepped the 20 million milestones.
With the company deploying an effective globalization strategy, it has managed to put the right efforts in place to enable it to expand significantly. KuCoin is focused on new market penetration via better community and language support for new products and feature launches. Hence, it has managed to attract the interest of new users as a significant number of new users continue to flock to its ecosystem every year.
According to previous reports, KuCoin had earlier expanded its operational reach in Asia. Thus, it is believed to have greatly contributed to the 219 percent user base increase in the first half of 2022. The expansion apparently resulted in the attraction of 5.6 million new users, a year-on-year increase of 659 percent.
Speaking of the latest achievement of the crypto trading firm, Johnny Lyu, CEO of KuCoin said;
“As KuCoin’s 5th anniversary is approaching, the number of registered users surpassed 20 million, which is another milestone for us. KuCoin is growing at a high speed with the support and trust of every user regardless of market conditions”.
Lyu further expressed the team’s gratitude most particularly to users. The gratitude was expressed with a promise to provide easier access to the crypto space for users. The platform aims to achieve this by providing more innovative products and services around NFT, GameFi, and Web 3.0.
Futures Global Team Battle
According to the report, the KuCoin exchange has disclosed plans to launch the KuCoin Futures Global Team Battle later in July. This will serve as its way of marking the achievement of the new user number milestone.
The event will mark KuCoin’s first Futures Global Team Battle set to offer prizes worth up to $1 million to its users. The platform will also provide users with the chance of winning up to $20,000 for joining.
Per the report, there are lots of amazing rewards to be offered to users who participate in the event as the platform disclosed that the KuCoin Futures Global Team Battle will also feature exclusive leader bonuses, newbie airdrops, and other rewards.