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To mark the achievement of the new user number milestone, the exchange will be launching the KuCoin Futures Global Team Battle later in July
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The global cryptocurrency exchange KuCoin has announced that it has achieved the 20 million users landmark. The new milestone comes after the platform reported a record-high number of registered users in the first half of 2022.
According to KuCoin H1 2022 Report, KuCoin attracted over 9.75 million new registered users in the first half of 2022, bringing total user base numbers to over 20 million. The figures show a doubling of registered users in 7 months. The exchange had previously reported achieving the 10 million user milestone in December of 2021. The 219 percent user base increase in the first half of 2022 is largely attributed to the expansion of the exchange’s operations in Asia, resulting in the attraction of 5.6 million new users, a year-on-year increase of 659 percent. Latin America, Africa & the Middle East, and Europe showed 216 percent, 152 percent, and 142 percent, new user registrations respectively on a year-on-year basis.
“As KuCoin's 5th anniversary is approaching, the number of registered users surpassed 20 million, which is another milestone for us. KuCoin is growing at a high speed with the support and trust of every user regardless of market conditions. To express our gratitude to users, we will provide more innovative products and services around NFT, GameFi, and Web 3.0 to help users access the crypto world more easily,” as stated by Johnny Lyu, CEO of KuCoin.
The main reasons for such user numbers growth are KuCoin’s globalization strategy and focus on new market penetration via better community and language support for new products and feature launches.
To mark the achievement of the new user number milestone, the exchange will be launching the KuCoin Futures Global Team Battle later in July. The First KuCoin Futures Global Team Battle with USD 1 million in prizes will give users the chance of winning up to USD 20,000 for joining. The event will also feature exclusive leader bonuses, newbie airdrops, and other rewards.