Share this article
KuCoin Registers Record 2M New Users in Second Quarter
African crypto markets hit a “major” developmental point, with trading volumes climbing 20-fold, the exchange said.
Updated May 11, 2023, 4:12 p.m. Published Aug 30, 2021, 10:59 a.m.
Crypto exchange KuCoin registered more than 2 million new users in the second quarter, 1,144% more than in the previous quarter and 709% more than in second-quarter 2020, the exchange said Monday.
- KuCoin’s average daily transaction volume grew 791% to $4.3 billion, the company said. While the number places it below Binance, Coinbase, Huobi Global and FTX, it is still among the world’s biggest crypto exchanges.
- Just over half of the traders use its mobile app. Installs were up by 178% from first-quarter levels and by 755% compared with the previous year.
- Among developing regions, the fastest adoption is taking place where inflation is high and mobile phones are easy to access, KuCoin said. Latin America saw the biggest growth in new users, 172% compared with the first quarter, followed by Africa at 130%, and Asia at 67%.
- Volumes from African traders grew 20-fold, representing a “major outbreak,” the release said. To cater to growing demand, KuCoin has launched localized services in the region, it said.
- The share of traders using bots increased by 2 percentage points quarter on quarter to 25%.
- The share of women traders on the exchange has grown to 38% from 12% last year, KuCoin said.
Read more: KuCoin Launches Proof-of-Work Mining Pool
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Больше для вас
Что нужно знать:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Больше для вас
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
Что нужно знать:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
