{"id":290012,"date":"2023-01-19T10:00:18","date_gmt":"2023-01-19T10:00:18","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=290012"},"modified":"2023-03-31T17:23:08","modified_gmt":"2023-03-31T16:23:08","slug":"kucoin-reports-growth-in-volume-user-count-through-crypto-winter","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/kucoin-reports-growth-in-volume-user-count-through-crypto-winter\/","title":{"rendered":"KuCoin reports growth in volume, user count through crypto winter"},"content":{"rendered":"

KuCoin<\/a> user count and transaction volume on spot and futures markets exceeded 27 million and $3.6 trillion respectively, according to KuCoin's 2022 Annual Review report.<\/p>\n

Throughout 2022, the exchange welcomed over 13 million new users, which indicates a 102% year-over-year growth, according to the report<\/a>. Of these new users, 7 million, corresponding to 53.8%, are located in the Asia-Pacific region.<\/p>\n

Growing the team and the portfolio<\/h2>\n

As many crypto companies chose to downsize to survive the harsh<\/a> crypto winter, 2022 became the year of layoffs. Despite the market sentiment, KuCoin grew its team by 20% in 2022 and plans to grow by another 20% in 2023, according to the report.<\/p>\n

KuCoin community also experienced a parallel expansion in 2022 by growing to 1.3 million members dispersed across 23 language zones from 1 million members and 21 languages in 2021.<\/p>\n

Concerns over liquidity<\/h2>\n

After the FTX collapse, KuCoin faced community concerns with regard to its exposure to FTX. In November 2022 KuCoin CEO Johnny Lyu<\/a>\u00a0responded to these rumors<\/a> by disclosing the exchange's reserves.<\/p>\n

Lyu stated that the exchange had been transparent with its users from day one and said that the exchange owned 20,504 Bitcoin (BTC<\/a>), 180,299 Ethereum (ETH<\/a>), over 1 million Tether (USDT<\/a>) and many other coins as of Nov. 11, 2022.<\/p>\n

A few days later, Lyu gave an exclusive<\/a> interview with CryptoSlate<\/em>, where he reaffirmed KuCoin's liquidity and said<\/a> the exchange was also partnering with third-party auditors to promote transparency.<\/p>\n","protected":false},"excerpt":{"rendered":"

KuCoin user count and transaction volume on spot and futures markets exceeded 27 million and $3.6 trillion respectively, according to KuCoin’s 2022 Annual Review report. Throughout 2022, the exchange welcomed over 13 million new users, which indicates a 102% year-over-year growth, according to the report. Of these new users, 7 million, corresponding to 53.8%, are […]<\/p>\n","protected":false},"author":1262,"featured_media":290453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77873,39],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"\nKuCoin reports growth in volume, user count through crypto winter<\/title>\n<meta name=\"description\" content=\"KuCoin's user count surpassed 27 million, while the spot and futures markets' combined transaction volume surpassed $3.6 trillion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/kucoin-reports-growth-in-volume-user-count-through-crypto-winter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KuCoin reports growth in volume, user count through crypto winter\" \/>\n<meta property=\"og:description\" content=\"KuCoin's user count surpassed 27 million, while the spot and futures markets' combined transaction volume surpassed $3.6 trillion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/kucoin-reports-growth-in-volume-user-count-through-crypto-winter\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-19T10:00:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-31T16:23:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/kucoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/kucoin-reports-growth-in-volume-user-count-through-crypto-winter\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/kucoin-reports-growth-in-volume-user-count-through-crypto-winter\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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