KuCoin sees user base grow to 38m, fastest gains in LATAM and MENA

The expansion of Crypto Exchange Kucoin in 2024 experienced record adoption in Latam and Mena, which leads to its user base at almost 40 million.

KucoinThe user base reached 38 million in 2024, with the greatest growth in Latin America And the Middle East / North Africa, the exchange said in a press release sharing Crypto.News. More users in these regions jumped into the sidewalk and the future, causing the thrust, added Kucoin.

Kucoin says that trading in Mena tripled compared to 2023, while Europe saw a leap of 144%. The platform also added 300 new tokens in 2024, with more than 30% listed in the last quarter. Kucoin’s long -term trading has also increased a lot, adding 125 new assets and providing more than 3 million new traders, the stock market says.

“All user deposits are fully supported with a guarantee ratio exceeding 1: 1, strengthening the dedication of Kucoin to financial security and confidence. In addition, we support the independent checks, allowing users to personally check their assets for more peace of mind. »»

Kucoin

Kucoin teases AI upgrades, jumps on the American market speeches

In 2025, Kucoin plans to deploy “solutions motivated by AI” and upgrades focused on users, although it has not provided details.

The report also omitted the mention of the fine of $ 297 million in the Stock Exchange after pleading guilty before a US court not to comply with anti-flowering regulations. As before reported By crypto.News, Kucoin admitted that it has operated a license-free money transmission company and violated American anti-flowage regulations and your customer. As part of the regulations, the company must leave the American market for at least two years.

According to CoinmarketCap Data, Kucoin is now ranked eighth in daily negotiation volume, exceeding $ 1 billion, placing it right behind Kraken based in the United States.