KuCoin 2023 Review: 106% Surge in Trading Volumes, 31M User Base
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- KuCoin recorded a 106% surge in spot trading volumes and a 16% growth in user base.
- Latin America, the Middle East, and Africa led in the user base expansion.
- The exchange introduced 149 new assets in 2023, expanding to 830 tokens.
As the crypto community steps into a transformative 2024, Seychelles-based crypto exchange KuCoin has released a new report capturing the exchange’s transformative feats recorded in 2023, marked by unparalleled growth, innovation, and resilience.
One of KuCoin’s standout achievements in 2023 was the staggering 106% surge in spot trading volumes and growth in its user base. Specifically, the report disclosed that KuCoin experienced a notable 16% year-over-year surge in its user base. As a result, KuCoin now boasts nearly 31 million registered users as of December 2023.
The Latin American region took the lead in user base expansion, witnessing a 34% increase over the past year. Other pivotal regions like the Middle East and Africa experienced a 27% surge, closely followed by Europe with a 25% rise compared to 2022.
Furthermore, the exchange highlighted that social media pla…
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