KuCoin’s User Base Reaches 38M, with Fastest Growth in LATAM and MENA Regions

KuCoin has experienced substantial growth in 2024, with its user base reaching 38 million, driven by notable adoption in Latin America (LATAM) and the Middle East/North Africa (MENA). The exchange reported a surge in both spot and futures trading, with MENA’s trading volume tripling compared to 2023. Europe also saw a significant increase in activity, with trading volume up by 144%.

In addition to the growing user base, KuCoin expanded its offerings by adding 300 new tokens in 2024, with more than 30% of these tokens being listed in the last quarter. Futures trading also saw a boost, with 125 new assets added and over 3 million new traders joining the platform.

KuCoin emphasized its commitment to security, stating that all user deposits are fully collateralized at a ratio exceeding 1:1. It also offers independent verifications, allowing users to verify their asset holdings for added peace of mind.

Looking ahead to 2025, KuCoin plans to roll out AI-driven solutions and other user-focused upgrades. However, the report did not mention the exchange’s recent legal issues in the U.S., where it was fined $297 million for violating anti-money laundering and know-your-customer regulations. As part of the settlement, KuCoin must exit the U.S. market for at least two years.

Despite these challenges, KuCoin remains a significant player in the global crypto market, ranking eighth in daily trading volume, surpassing $1 billion, and just behind Kraken.