Developed in 2017, KuCoin is now the 6th largest crypto exchange based on spot trading market share. In 2023, Forbes even enlisted it in the Best Crypto Exchanges list.

KuCoin has its headquarters in Seychelles but offers services to over 200 countries across the globe. Since 2017, it has rapidly gained popularity thanks to its low trading fees and features that appeal to novice and experienced traders alike.

Besides entertaining four order types, i.e., market, limit, stop-limit, and stop-market, the exchange empowers its advanced users with features like margin, futures, and P2P trading.

Additionally, keeping the user experience in mind, KuCoin even recently introduced the trading bot characteristic to assist traders in trading.

KuCoin is one of the exchanges that allow the staking and lending of crypto assets. Users can lend their excess or idle digital assets to others and then claim interest from them.

Or else, the users have the privilege of storing exchange-approved cryptocurrency in wallets and directing it toward the exchange’s operations.

The exchange supports the trading of about 850 currencies. But surprisingly, KuCoin is not licensed in the US. The country’s users can still access the platform.

However, if US regulators decide to restrict and regulate the exchange, the users won’t be able to withdraw their funds.

2024 Although KuCoin deals with several money laundering accusations in 2024, the platform is still unstoppable. By 2023, it had acquired over 30 million registered users, which indicates KuCoin’s popularity in the crypto world.

We have collected more data to back the fact that KuCoin is growing. To see it for yourself, keep scrolling.

KuCoin Statistics Overview

  1. As of now, till Q1 of 2024, KuCoin has 32 million registered users. The number of registered users shows a 3.23% surge from 2023.
  2. From the beginning of 2024 till June, KuCoin recorded a peak 24-hour trading volume of $0.71 billion within a few months.
  3. KuCoins Latin America user count grew by 16.26% in Q1 of 2024.
  4. KuCoin has a spot market share of 4.2%.
  5. 1.3 million trading bots were generated in Q1 of 2024.

KuCoin Registered User Count

KuCoin has 32 million registered users after the first quarter of 2024.

In 2023, the number stood at 31 million after a 210% surge since 2021. Such a jump within three years speaks volumes about the success of KuCoin over the years.

When calculated from 2023 to a few months in 2024, the registered user count jumped by 3.23%. This growth is just the beginning; the rest of 2024 remains. By referring to the year-wise data, it can be said that KuCoin is still appealing to users, and its popularity is rising.

Year User Count
2020 Not Found
2021 10 Million
2022 27 million
2023 31 million
Q1 2024 32 million

KuCoin Trading Volume

In this case, the cumulative trading volume includes spot and future annual trading volume.

The annual trading figure was increasing from 2021. Between 2021 and 2022, the annual trading volume increased by 260%, making KuCoin’s success clear.

However, the trading volume graph showed a downward graph from the end of 2022. The annual trading volume declined by 99.75% in 2023.

Such a fall seems like a setback for the KuCoin for now.

However, until the 2024 annual reports are released, it is impossible to make definitive statements.

In the first quarter of 2024, the platform reported a trading volume of $5 billion, which is half of the 2023 annual trading volume.

However, there are still months left in the year. Because there are still months left in the year.

Year Annual Trading Volume
2020 Data not found
2021 $1 Trillion
2022 $3.6 Trillion
2023 $10 billion
Q1 2024 $5 billion

KuCoin 24-hour Trading Volume

The peak 24-hour trading volume was at its all-time best in 2021, with a 24-hour trading volume of about $13 billion.

Even though the data for 2022 was not found, still from the 2023 figure, it is visible that KuCoin’s 24-hour trading volume went down.

The 24-hour volume decreased by nearly 91.92% from 2021. However, per the last report of June 2024, KuCoin recorded a peak 24-hour trading volume of $0.71 billion, which again seems like a promising start.

Year 24-Hour Trading Volume
2020 $1.9 billion
2021 $13 billion
2022 Data not found
2023 $1.05 Billion
June 2024 $0.71 billion

KuCoin User Base Growth In Different Regions

Most Kucoin users belong to Latin America, the Middle East, Africa, and Europe.

However, in 2022, the picture was a little different. In 2022, 7 million users from the Asia-Pacific region joined the platform.

After that, consecutively for two years, the Latin American region showed an increase of 34% and 16.26% in users.

Middle East and Africa followed Latin America on the user surge list, with a cumulative growth of 27% and 11.29% in 2023 and 2024, respectively.

KuCoin Market Share

As of Q1 of 2024, KuCoin is thriving in the crypto world with a spot trading market share of 4.2%.

Based on its market share, KuCoin ranks 6th among crypto exchanges.

Number of Trading Bots On KuCoin

KuCoin introduced trading bots for its users in 2021.

It was launched to assist traders in trading and improve the user experience. The accurate number of trading bots created in 2021 is unavailable, but they are for 2022.

According to the data, from 2023 till the end of 2022, almost 10 million trading bots were created. To this figure, another 3 million was added in 2023. Again, the creation of trading bots has rapidly increased in 2024.

Almost 1.3 million trading bots were generated in Q1 of 2024, and 4 more quarters remain. So, it can be concluded that the launch of trading bots has been a hit among KuCoin users and is appealing to them.

KuCoin Investments

The latest reports suggest that KuCoin, in total, has invested in 46 projects related to crypto, blockchain, and Web3 world.

Out of 46, KuCoin has been the lead investor in 15 projects, which means KuCoin became the first investor in those startups. The platform kicked off the funding round for these 15 initiatives.

FAQs

1. What is the trading fee on KuCoin?

KuCoin has a tiered maker-and-taker fee structure in place. The fee can range from 0.0005% to 0.1%, but the exact percentage of the fee depends on the tier level. Also, this fee structure is for spot trading. To know the futures, deposits, and withdrawal charges, refer to the KuCoin fee page.

2. Is KuCoin Safe?

It’s overall considered safe. Along with features like a 2-factor authentication program, cold wallet, and encryption protocols, KuCoin introduced a Proof-of-reserve system.

3. How many new assets were added to KuCoin by the end of Q1 of 2024?

The 2024 Q1 report shows that 73 new assets were added to the KuCoin platform. This act, in turn, took the total tradable digital assets on the platform to 892. Also, the platform currently supports 1,283 trading pairs.

4. How many Twitter/X followers did KuCoin have in March of 2024?

Per the last count in March of 2024, KuCoin’s Twitter/X followers exceeded 2.9 Million.

5. Does KuCoin have a mobile app?

Yes, KuCoin is available for both iOS and Android mobile devices.