The International Crypto Exchange KuCoin (“the people’s exchange”) today releases its latest product, the decentralized wallet KuCoin, the KuCoin Wallet† Thanks to him, the exchange wants to continue investing in Web3 and making it even more accessible to its thousands of users.
A multi-chain decentralized wallet
The application is available in beta test mode today (June 1, 2022) but will be officially launched to the general public later in June.
The KuCoin crypto wallet is designed in such a way that it can integrate multiple blockchains, we are talking about a multi-chain wallet. One of the advantages of this solution is that users can create a decentralized account to access Web3 in seconds and in a secure way. The other positive point for users of the KuCoin Walletis to be able to send, receive and store cryptocurrencies like BTC, ETH, USDT, USDC, BNB in one place.
With this wallet, KuCoin is clearly positioning itself as a player in the cryptosphere looking to build bridges between the world of crypto and the web3. The KuCoin Wallet will also add various features related to Decentralized Finance (DeFi), NFTs and GameFi in the coming weeks/months.
A concrete example of the exchange’s desire to build bridges to the Web3 is the integration into the KuCoin Wallet of Weather vaneKuCoin’s NFT marketplace that allows users to buy, store and view their NFT collections directly from their wallets.
Who says a good crypto wallet, says enhanced security. KuCoin’s is verified by the company specializing in security hack† Furthermore, the KuCoin Wallet is of the type self-preservation, which means that the users themselves manage their private keys. And as we say in the cryptosphere: Not your keys, not your coins †
Johnny Lyuthe CEO of KuCoin, said of the announcement:
“As a gateway to the web3 network, crypto wallets are a key requirement for users to participate in the decentralized ecosystem and are now much more than just a tool for storing digital assets. The launch of the official KuCoin Wallet website is another testament to our determination to bring KuCoin into the web3 realm at a critical time. KuCoin’s goals go far beyond centralized trading services; they must enter the decentralized world to further develop its activities”.
As indicated Jeffthe head of the KuCoin Wallet, this new generation wallet will be the exchange of “meet the needs of all categories of investors”†
KuCoin takes action
KuCoin’s overall strategy to explore Web3 more intensively isn’t just about wishful thinking and lip service. No, the exchange with 18 million users is actually taking action and doing everything it can to succeed. The Web3 strategy will thus be supported by the recent fundraising of $150 million and we also remember that KuCoin . a few days ago was launched a $100 million fund to help artists involved in early stage and niche non-fungible token (NFT) projects. With its NFT marketplace, its new decentralized wallet and its substantial financial commitments, KuCoin is empowering itself to achieve its ambitions and plans to become one of the key players in the cryptosphere to make Web3 its new playground.
Launched in September 2017, KuCoin is a global cryptocurrency exchange whose operational headquarters is located in the Seychelles. As a user-centric platform with a focus on inclusiveness and outreach for community action, it offers more than 700 digital assets and currently offers spot trading, margin trading, P2P fiat currency trading, futures trading, staking and lending to its 18 million users in 207 countries and regions.
In 2022, KuCoin raised more than $150 million in investment in a pre-series B round, bringing the total investment to $170 million with round A combined, for a total valuation of 10 billion dollars. KuCoin is currently one of the top 5 cryptocurrency exchanges according to CoinMarketCap. Forbes also named KuCoin one of the best crypto exchanges in 2021. In 2022, The Ascent named KuCoin the best crypto app for enthusiasts.
About KuCoin Wallet
KuCoin Wallet is a secure and easy-to-use crypto wallet that supports multi-chain aggregation based on the KuCoin ecosystem. Thanks to KuCoin’s security expertise and state-of-the-art security technology, controlled by hackKuCoin Wallet is a standalone wallet where users have complete control over their assets. KuCoin Wallet provides users with the easiest way to manage multi-chain assets and allows users to buy, store and view NFT collections directly in the wallet. KuCoin Wallet is a gateway to the web3 world for all cryptocurrency enthusiasts.
This text is a press release. Do your own research and only invest the money you can afford to lose.