It was an extremely busy year for cryptocurrencies at large, particularly for one crypto exchange, KuCoin, which has successfully smashed its former trading volume. KuCoin has reported a 720% increase in volume for Q321 from a year earlier, surpassing $258 billion. It saw a year-on-year jump in Q3 of 446% in new registrants. KuCoin, which claimed a 1.5% market share at the beginning of 2021, is now enjoying a massive 5% share. Its native token, KCS, has seen a gain of more than 1345% YTD.
The exchange, listing over 400 assets, is favored by cryptocurrency investors and newbies alike, thanks to its user-friendly approach to trading and investing. The platform is secure, and the signup process is smooth and fast. The addition of crypto gems, NFTs, meme tokens, GameFi, and Metaverse that KuCoin has helped propel the DEX’s growth in a very short time.
Trading Bots, Futures, and Margin Trading at KuCoin
The digital exchange boasts a variety of useful features for traders, including the ability to trade cryptos on margin, P2P trading, engage in futures trading on a wide selection of crypto assets, and lend and stake holdings in exchange for a generous passive yield.
Additionally, KuCoin has recently announced the launch of its new app, which comes fitted with a social trading function. This allows traders to share ideas and follow and copy the trades of other more experienced traders. Users can see the statistics and success rates of the trade leaders before they choose to copy them.
In this quarter alone, the DEX added 86 crypto assets to its roster. It also launched the first Metaverse Trading Board ever and introduced the NFT game Guardian Star on KuCoin Win. KuCoin Pool was also introduced to clients, boasting a mining fee of just 2%.