KuCoin sees massive transaction volume in 2022

KuCoin’s annual review report released on January 19 shows that the crypto exchange saw an increase of 27 million new user registrations, and more than $3.2 trillion in transaction volume in 2022, among other major milestones. .

KuCoin shows solid performance despite crypto winter.

KuCoinThe world’s fourth-largest cryptocurrency exchange by trading volume has released its annual review for 2022, highlighting key milestones and achievements over the past year.

According to ReportsDespite the cold crypto winter that resulted in numerous high-profile Bankruptcy And massive layoffs across the Web3 space, KuCoin claims to have seen a rapid increase in new user registrations, surpassing 27 million (7 million registered in the Asia-Pacific region alone). with new users).

The exchange says transaction volume in its spot and futures markets exceeded $3.6 trillion last year, representing a 52 percent year-over-year increase.

While its established competitors in centralized crypto exchange markets such as Coin base, Hobbyand others downsizing their workforce due to unfavorable market conditions, KuCoin claims that its team grew by 39% compared to 2021, and that it will increase its workforce by another 20% in 2023. Intends to increase.

KuCoin says it added support for 210 new digital assets in 2022, bringing the total number of cryptoassets tradable on the exchange to more than 750 with more than 1,300 trading pairs.

Although the 6-year-old Bitcoin (BTC) The commercial space has received its fair share of regulation. Difficulties And dark momentsKuCoin is one of the main exchanges that has managed to avoid the FUD clouding the cryptoverse in 2022.

However, whether the Seychelles-based exchange will maintain its solid track record in 2023 and beyond remains to be seen. At press time, according to CoinMarketCap, the global crypto market capitalization sits at $962.92 billion, down 3.09% in the last 24 hours.

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