Alisa Davidson
Printed: February 10, 2025 at 5:39 am Up to date: February 10, 2025 at 5:40 am
Edited and fact-checked:
February 10, 2025 at 5:39 am
In Transient
KuCoin’s “2024 Annual Overview” highlights main milestones, together with the enlargement of its consumer base to over 38 million customers, doubling its new token listings, incomes 5 world regulatory licenses, and extra.
Cryptocurrency change KuCoin launched its “2024 Annual Overview” report, highlighting the most important milestones and challenges confronted all year long. The report emphasizes that 2024 was a transformative interval for each KuCoin and the broader cryptocurrency sector, formed by market fluctuations, regulatory shifts, and an growing concentrate on safety and compliance.
One in all KuCoin’s key achievements was the enlargement of its world consumer base, surpassing 38 million customers, with the quickest development occurring in Latin America (LATAM) and the Center East and North Africa (MENA) areas.
The change additionally strengthened its safety and compliance measures by enhancing anti-money laundering (AML) and know-your-customer (KYC) protocols. These enhancements included superior verification methods, real-time monitoring, and proactive threat administration to align with worldwide regulatory requirements. In 2024, KuCoin grew to become the primary world change registered with India’s Monetary Intelligence Unit (FIU) and obtained 5 regulatory licenses worldwide. The change was additionally acknowledged by TokenInsight for its management in regulatory compliance.
KuCoin took steps to reinforce threat administration and safety. It launched bug bounty applications in collaboration with Bugcrowd to determine potential vulnerabilities, carried out industry-standard encryption to guard consumer knowledge and belongings, and strengthened AML efforts with improved fraud detection instruments. Moreover, the platform enhanced KYC processes to stop identification fraud, launched real-time transaction monitoring to detect suspicious actions, and expanded its compliance workforce to make sure stricter regulatory adherence.
These developments reinforce KuCoin’s ongoing dedication to compliance, safety, and transparency because the digital asset panorama continues to evolve.
KuCoin Witnesses Progress In Asset Listings And Superior Options
KuCoin marked achievements in 2024, significantly within the enlargement of its buying and selling platform and the acceleration of latest token listings. The variety of new listings doubled all year long, with an 170% development within the fourth quarter alone, reflecting the change’s dedication to diversifying its choices and maintaining tempo with market developments.
Additional strengthening its place, KuCoin enhanced its spot buying and selling platform and expanded its futures buying and selling capabilities. Recognizing the growing demand for memecoins, the change launched a devoted part for these belongings, catering to a rising section of the cryptocurrency market. Over 300 new tokens have been listed in 2024, representing a 98% year-over-year enhance. The ultimate quarter of the 12 months noticed significantly sturdy momentum, with 119 new tokens added—a 170% rise in comparison with the earlier quarter.
KuCoin additionally grew to become the primary centralized change to checklist HyperLiquid’s HYPE token and demonstrated early adoption of trending meme belongings akin to WIF, SUNDOG, MOONDENG, BRETT, and MEW. Moreover, the platform secured official partnerships to facilitate the launches of key belongings, together with ENA, ONDO, and MAVIA, reinforcing its function as a pacesetter in bringing revolutionary initiatives to market.
With the intention to encourage higher neighborhood participation, KuCoin launched initiatives like GemPool and GemVote, which enabled customers to actively have interaction in staking and governance choices. These applications collectively contributed to $1.73 billion in staking worth, highlighting the rising consumer involvement and confidence in KuCoin’s ecosystem.
In 2024, KuCoin strengthened its dedication to company social duty (CSR) by launching initiatives that align with the core values of the United Nations COP28. The corporate prioritized efforts in training, healthcare, local weather motion, and catastrophe reduction, specializing in delivering tangible assist to communities in want. By means of these initiatives, KuCoin aimed to foster long-term sustainability and resilience whereas addressing urgent world challenges.
One of many key initiatives undertaken was the “Mild Up Africa” Kids’s Photo voltaic Lamps initiative, which offered 10,000 photo voltaic lamps to varsities and communities throughout Sierra Leone, Nigeria, and Ghana. This initiative straight benefited 50,000 kids, providing them entry to sustainable lighting options that enhance research situations and improve day by day residing. Moreover, KuCoin launched the Local weather Change Bucket Initiative, distributing 1,900 reduction buckets full of important provides to help susceptible populations in adapting to the consequences of local weather change.
In response to pure disasters, KuCoin performed an energetic function in supporting restoration efforts. Following the destruction attributable to Storm Yagi in Vietnam, the corporate airdropped 10,000 KCS tokens to help affected households in rebuilding their properties. This initiative was a part of KuCoin’s broader technique to supply well timed and impactful reduction to communities going through crises.
By means of these initiatives, KuCoin continues to uphold its social commitments, fostering sustainability, resilience, and empowerment in communities worldwide.
Wanting Forward to 2025: Elevating Safety, Innovation, And Consumer Expertise
As KuCoin strikes into 2025, the change is inserting a robust emphasis on safety, technological development, and consumer expertise to create a extra seamless and rewarding buying and selling setting. Belief stays a central pillar of the platform, and the corporate is dedicated to strengthening safety protocols, increasing regulatory collaboration on a world scale, and introducing improvements that can affect the way forward for the cryptocurrency {industry}.
KuCoin plans to implement next-generation applied sciences, integrating AI-driven options and user-focused enhancements to streamline buying and selling, funds, and rewards. By increasing the capabilities of KuCard, reinforcing Web3 initiatives, and enhancing buying and selling instruments, the platform goals to supply customers with new alternatives and a extra intuitive digital asset expertise.
On the similar time, KuCoin stays devoted to regulatory compliance, working carefully with authorities worldwide to assist the event of a clear and sustainable cryptocurrency ecosystem. Safety will proceed to function the muse of the platform, whereas innovation drives progress and consumer expertise stays a precedence. With these guiding rules, 2025 is ready to be a transformative 12 months wherein KuCoin empowers its world consumer base, advances {industry} requirements, and contributes to the evolving panorama of digital finance.
Disclaimer
According to the Belief Venture pointers, please observe that the knowledge offered on this web page shouldn’t be meant to be and shouldn’t be interpreted as authorized, tax, funding, monetary, or every other type of recommendation. It is very important solely make investments what you may afford to lose and to hunt unbiased monetary recommendation you probably have any doubts. For additional data, we advise referring to the phrases and situations in addition to the assistance and assist pages offered by the issuer or advertiser. MetaversePost is dedicated to correct, unbiased reporting, however market situations are topic to vary with out discover.
About The Writer
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
Alisa Davidson
Alisa, a devoted journalist on the MPost, focuses on cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising developments and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Extra articles
