KuCoin Shares Staggering Numbers: New User Registration Jumps 219% In A Year
- KuCoin has onboarded 9.75 new million users in the first half of 2022
- In the same duration, KuCoin’s trading volume exceeded $2 trillion
- The firm has nearly 300 job vacancies and has hired 400 new employees in 2022
KuCoin, a major cryptocurrency exchange, has confirmed via a blog post that it has seen a massive influx of users in the first quarter of 2022 as compared to the first quarter of 2021. The firm has recorded an increase of 219% in a year and welcomed nearly 9.75 million new registered users to the platform.
Furthermore, in the blog post, KuCoin also confirmed that it now serves more than 18 million customers all over the world. Region-wise, the firm has seen a massive surge in popularity in Asia, accounting for 5.6 million new registered users. This staggering amount market a year-on-year increase of about 659%.
For Latin America, Africa & the Middle East, and Europe, the number of newly registered users increased by 216%, 152%, and 142%, respectively, when compared to the first quarter of 2021.
On the other hand, KuCoin also confirmed that it has been breaking previous records when it comes to trading volume on the platform. In the first half of 2022, the trading volume on the exchange, including spot and futures trading, has exceeded $2 trillion, which marks an increase of over 180% compared to the same period in 2021.
“We are breaking our highest daily volume record almost every quarter, and this May, the daily spot volume peaked at $11 billion, and the top daily futures volume was close to $23 billion.”
Said KuCoin in the blog.
Additionally, Europe was the biggest gainer in terms of trading volume on the crypto exchange, and the continent achieved a total volume of $481 billion in the first half of 2021, marking a growth of 381% compared with the same period last year.
The growth rate for KuCoin’s trading volume in Latin America, and Africa & the Middle East is 189% and 152% marking a total volume of $453 billion and $392 billion, respectively.
KuCoin hiring new talents
While exchanges like Coinbase continue to rescind offers and lay off employees, KuCoin confirmed that the exchange has around 300 openings at present in R&D, marketing, business development, and more, adding that it has recruited nearly 400 talents in the first half of 2022.
“Relatively, we have a more compact and productive team compared to most other platforms of our size, which is why we still have room to expand our team.”
Said KuCoin’s blog.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
