07-11-2022, 03:37 PM
Europe Leads as KuCoin Returns over $2 Trillion in Volume in Six Months
<p>Spot and futures trading
volumes on KuCoin, a Seychelles-headquartered cryptocurrency exchange, peaked
at over $2 trillion dollars in the first half of 2022.</p><p>This represents a 180% year-on-year growth for the crypto exchange.</p><p>KuCoin's European market operations led the total half-year turnover with
$481 billion. </p><p>The cryptocurrency exchange disclosed these
figures on Thursday in a semi-annual
report highlighting its
performance in the first half of this year.</p><p>The exchange in the first quarter of this year had recorded over $1 trillion in its spot and futures trading volumes.</p>Regional Performance<p>According to KuCoin,
Europe’s performance was followed by Latin America which turned over $453
billion at a growth rate of 189% YoY.</p><p>On the other hand, Africa and the Middle
East saw a 152% increase in volume to reach $392
billion in six months this year.</p><p>“Peak trading volumes
for Spot were recorded at $11 billion, while Futures reached $23 billion,”
KuCoin said. </p><p>In terms of user growth,
Asia led the crypto exchange’s 9.75 million new registrations in the first
half of 2022 by accounting for 5.6 million of these new users.</p><p>KuCoin said this user
growth is a 659% jump when compared to records from
2021.</p><p>Other regions also recorded increases YoY in new user registrations: Latin America (216%), Africa
& the Middle East (152%) and Europe (142%).</p>Crypto Assets Lands at
700+<p>Furthermore, KuCoin said
it now has over 700 cryptocurrency assets on its platform after adding 137 new
ones in the first half of this year.</p><p>The exchange said 31 of the newly listed assets were world premiere listings while five were
exclusive to Spotlight, its token launch platform. </p><p>According to KuCoin,
Spotlight serves early-stage crypto projects and initial token
distribution. </p><p>The platform provides
users with the opportunity to invest in their preferred
projects to gain considerable incomes with low thresholds.</p><p>“Over 70 new tokens have
been added, making the total trading options in KuCoin Margin exceed 200,”
KuCoin said.</p><p>Moreover, the Seychelles-headquartered company said it invested a total of $20 million in 19
crypto-native projects in six months through KuCoin Labs, which is its investment and
research arm. </p><p>Meanwhile, the Ontario Securities Commission (OSC), a provincial agency responsible for regulating the capital markets in Ontario, Canada, recently took enforcement action against KuCoin and another cryptocurrency exchange, Bybit, for not complying with local regulations. </p><p>Finance Magnates reported that the operators of the KuCoin brand faced permanent bans and an administrative penalty of CA$2 million in this regard. They also shelled out CA$96,550 for the cost of the investigation.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
https://www.financemagnates.com/cryptocu...ix-months/
<p>Spot and futures trading
volumes on KuCoin, a Seychelles-headquartered cryptocurrency exchange, peaked
at over $2 trillion dollars in the first half of 2022.</p><p>This represents a 180% year-on-year growth for the crypto exchange.</p><p>KuCoin's European market operations led the total half-year turnover with
$481 billion. </p><p>The cryptocurrency exchange disclosed these
figures on Thursday in a semi-annual
report highlighting its
performance in the first half of this year.</p><p>The exchange in the first quarter of this year had recorded over $1 trillion in its spot and futures trading volumes.</p>Regional Performance<p>According to KuCoin,
Europe’s performance was followed by Latin America which turned over $453
billion at a growth rate of 189% YoY.</p><p>On the other hand, Africa and the Middle
East saw a 152% increase in volume to reach $392
billion in six months this year.</p><p>“Peak trading volumes
for Spot were recorded at $11 billion, while Futures reached $23 billion,”
KuCoin said. </p><p>In terms of user growth,
Asia led the crypto exchange’s 9.75 million new registrations in the first
half of 2022 by accounting for 5.6 million of these new users.</p><p>KuCoin said this user
growth is a 659% jump when compared to records from
2021.</p><p>Other regions also recorded increases YoY in new user registrations: Latin America (216%), Africa
& the Middle East (152%) and Europe (142%).</p>Crypto Assets Lands at
700+<p>Furthermore, KuCoin said
it now has over 700 cryptocurrency assets on its platform after adding 137 new
ones in the first half of this year.</p><p>The exchange said 31 of the newly listed assets were world premiere listings while five were
exclusive to Spotlight, its token launch platform. </p><p>According to KuCoin,
Spotlight serves early-stage crypto projects and initial token
distribution. </p><p>The platform provides
users with the opportunity to invest in their preferred
projects to gain considerable incomes with low thresholds.</p><p>“Over 70 new tokens have
been added, making the total trading options in KuCoin Margin exceed 200,”
KuCoin said.</p><p>Moreover, the Seychelles-headquartered company said it invested a total of $20 million in 19
crypto-native projects in six months through KuCoin Labs, which is its investment and
research arm. </p><p>Meanwhile, the Ontario Securities Commission (OSC), a provincial agency responsible for regulating the capital markets in Ontario, Canada, recently took enforcement action against KuCoin and another cryptocurrency exchange, Bybit, for not complying with local regulations. </p><p>Finance Magnates reported that the operators of the KuCoin brand faced permanent bans and an administrative penalty of CA$2 million in this regard. They also shelled out CA$96,550 for the cost of the investigation.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
https://www.financemagnates.com/cryptocu...ix-months/