KuCoin 2023 Evaluate: 106% Surge in Buying and selling Volumes, 31M Person Base

• KuCoin recorded a 106% surge in spot buying and selling volumes and a 16% progress in person base.
• Latin America, the Center East, and Africa led within the person base enlargement.
• The change launched 149 new property in 2023, increasing to 830 tokens.

Because the crypto group steps right into a transformative 2024, Seychelles-based crypto change KuCoin has launched a brand new report capturing the change’s transformative feats recorded in 2023, marked by unparalleled progress, innovation, and resilience.

One among KuCoin’s standout achievements in 2023 was the staggering 106% surge in spot buying and selling volumes and progress in its person base. Particularly, the report disclosed that KuCoin skilled a notable 16% year-over-year surge in its person base. In consequence, KuCoin now boasts almost 31 million registered customers as of December 2023.

The Latin American area took the lead in person base enlargement, witnessing a 34% improve over the previous 12 months. Different pivotal areas just like the Center East and Africa skilled a 27% surge, carefully adopted by Europe with a 25% rise in comparison with 2022.

Moreover, the change highlighted that social media performed a significant position in its outreach efforts. As an illustration, its X and Instagram accounts following grew by over 14% to 2.9 million in 2023.

Moreover, the report said the change’s buyer help has been a cornerstone of its success. KuCoin help brokers addressed over 1.5 million queries in 2023, offering customers with round the clock help.

Furthermore, the AI-driven chatbot, which KuCoin launched in April 2022, considerably contributed to swift question decision. Based on the report, this AI instrument assisted greater than 800,000 customers by December 2023.

The 2023 reflection report additionally disclosed that  KuCoin carried out complete anti-fraud measures to fortify safety and fight enterprise scams. These measures included verifications of enterprise pockets addresses, official contact, and complex anti-phishing. Based on KuCoin, the mixing has confirmed extremely efficient, considerably diminishing the danger of fraudulent actions on the platform.

KuCoin seemingly revealed its Proof of Reserves (PoR) experiences for the previous 12 consecutive months. The PoR experiences affirmed the change holds customers’ property above a 1:1 ratio for Bitcoin, Ethereum, USDT, and USDC. Moreover, KuCoin launched 149 new property in 2023. This expanded the overall tradable digital property to 830, supporting 1,246 buying and selling pairs.

The platform’s native token, KuCoin Token (KCS), noticed its forty second burn in December 2023. Following the burn occasions, KSC’s circulating provide turned 96,641,044 tokens. Moreover, KCS token adoption witnessed a gradual 11% progress, reaching 1.9 million holders.