KuCoin is a secure cryptocurrency exchange that makes it easier to buy, sell, and store cryptocurrencies. Last modified 1d ago Powered By GitBook
What is KuCoin?
Based out of Seychelles, KuCoin is one of the most exceptional Digital Exchanges (DEXes) in the crypto industry. It was founded by Michael Gan and Eric Don.
The founding members have previously run projects the likes of iBox PAY and Ant Financial. So it is safe to say that they came in with a considerable amount of experience in running businesses.
Back when it was launched in 2017, the world of cryptos was quite different from the way it is right now. Back then, the Decentralized Finance (DeFi) space was still picking up and people were still learning and experimenting. Even now people are learning and experimenting but it’s a lot safer to do now than it used to be back then.
So the main objective behind the creation of KuCoin was to provide an easy-to-use and safe platform for traders all around the world to trade their digital coins. In fact, this goal of theirs led the platform to gain the nickname “The People Exchange”.
The platform offers great services related to cryptocurrencies and amazing trading pair selections. As of now, the platform has upwards of 200 cryptocurrencies and somewhere around 400 markets to boast of.
As is the case with most DeFi platforms, KuCoin has its own cryptocurrency called KuCoin Shares. The governance token for this cryptocurrency is KCS. Holding KCS coins gives you an amazing discount on the trading fees and even helps you earn more on the platform.
Its popularity can be summed up in the fact that back in January 2018, KCS was valued at more than $1.8 billion. As of now, the platform takes pride in having a huge community of over 6 million users and the high liquidity on the platform. It also boasts of a diverse collection of fiats, services, and assets supported by the platform.
Even as an absolute beginner to the world of cryptocurrencies and crypto trading markets, you’ll find it surprisingly easy to use the platform.
The platform has a simple and transparent UI that is efficient and easy to maneuver. And that is perhaps one of the reasons why the platform made it into the list of the top 10 busiest exchanges in the world. After all, the platform did pull the most crypto trading volume at one point in time.