KuCoin noticed large transaction quantity in 2022

KuCoin’s annual overview report launched on Jan. 19 reveals the crypto trade noticed a 27 million particular person improve in new person registration, and over $3.2 trillion in transaction volumes, amongst different vital milestones in 2022.

KuCoin posts a strong efficiency regardless of crypto winter 

KuCoin, the 4th-largest cryptocurrency trade on the earth by buying and selling quantity, has launched its annual overview for 2022, highlighting the numerous milestones reached and achievements made final 12 months.

Per the report, regardless of the chilling crypto winter that resulted in numerous high-profile bankruptcies and mass worker layoffs throughout your entire web3 area, KuCoin claims it witnessed exponential progress in new person registration, surpassing 27 million (with seven million new customers registered throughout the Asia-Pacific area alone).

The trade says transaction volumes throughout its spot and futures markets surpassed the $3.6 trillion mark final 12 months, representing a 52% improve 12 months on 12 months (YoY). 

Whereas its established rivals within the centralized crypto trade markets equivalent to Coinbase, Huobi, and others slashed their workforces as a result of unfavorable market circumstances, KuCoin claims its workforce grew by 39% in comparison with 2021, and it plans to additional enhance its worker rely by 20% in 2023.

KuCoin says it added help for 210 new digital belongings in 2022, growing the whole variety of tradeable cryptoassets on the trade to over 750, with greater than 1,300 buying and selling pairs. 

Though the 6-year-old bitcoin (BTC) buying and selling venue has obtained its fair proportion of regulatory troubles and darkish moments, KuCoin stays one of many centralized exchanges that has managed to outlive the FUD that clouded the cryptoverse in 2022. 

Nonetheless, whether or not the Seychelles-based trade will preserve its strong monitor document in 2023 and past stays to be seen. At press time, the worldwide crypto market capitalization sits at $962.92 billion, down by 3.09 p.c up to now 24 hours in line with CoinMarketCap.

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