KuCoin Takes Crypto Trading to the Next Level: Can It Outperform Binance and Coinbase?

Since the crash in the second week of May, the global cryptocurrency market has been erratic. Despite the massive volatility, traders maintained their momentum despite harsh global scenarios and plummeting prices.

Meanwhile, KuCoin may be on the cusp of an upheaval, which could eventually pose a challenge for major exchanges like Binance or Coinbase. But what exactly causes this spark?

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Purchasing focused on deflationary supply

Initially limited to 200 million tokens, the total supply of KuCoin (KCS) will be reduced to 100 million thanks to a strong takeover bid by the protocol. Deflationary supply invariably leads to higher valuations.

Now let’s pause to analyze this in more detail. What prompted KuCoin to go ahead with this takeover proposal despite the recent market decline?

According to a recent report, KuCoin’s total trading volume for both cash and forward transactions was over $1 trillion, with an average daily volume of over $11 billion. Meanwhile, KuCoin Spot hit $9 billion in peak daily trading volumes, while futures hit more than $15 billion.

In addition, the exchange gained about 6 million new registered users in the first quarter of 2022, a 491% year-on-year growth. And now KuCoin serves 18 million global users in more than 200 countries and regions, an important metric to demonstrate its reputation as a “People’s Exchange”.

What does this represent? It is quite clear that a buyback can further strengthen KuCoin’s business and market position. Therefore, KuCoin may be poised to rewrite history due to its massive business spin-offs and growing user base.

Guaranteed Daily Bonus

KuCoin developed the KCS Bonus as a new incentive for KCS holders and KuCoin ecosystem builders to earn passive income.

Simply put, users who have at least six KCS on the KuCoin platform are eligible to receive a daily bonus derived from 50% of the company’s daily trading fee earnings.

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What other protocol shares its transaction fees with its token holders? None, it seems.

Access to budding projects

The KuCoin Spotlight token launch platform helps early stage crypto firms raise capital and expand their presence within the cryptocurrency ecosystem.

It also offers users the opportunity to discover the next possible crypto gem and earn a significant income with modest entry requirements.

Since its inception, KuCoin has launched at least 20 related companies. The value of the LUKSO (LYXe) project was multiplied by 187 after launch. Other prominent examples include the 240x increase in Victoria (VR) and a 299x ATH ROI for ClearDAO (CLH).

This upward trend shows how helpful Spotlight initiatives are for KCS holders to identify projects early and act on them over time.

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(Source: Happyblock)

burning drop

Kucoin Burning Drop allows users to earn crypto incentives by staking KuCoin tokens and participating in crypto initiatives. It is one of the best Kucoin options to earn free crypto rewards.

This feature allows users to lock or allocate crypto assets to increase their computing power. According to Burning Drop stats, the average ROI of a project was over 8.685%.


(Source: Happyblock)

The Future Ahead: What’s Coming?

In the near future, KuCoin aims to establish a global payment system that can connect all projects within the KCS ecosystem. This global payment system will serve KuCoin’s global user base.

The plans include trading derivatives, issuing new coins, stablecoins, borrowing, NFT transactions and all other KCC ecosystem activities.

The forthcoming payment system will lower the payment threshold, improve customer service convenience and efficiency, and expand the ecosystem’s user base.

KuCoin also strives to connect current and emerging mechanisms to accelerate the adoption of cryptocurrencies such as decentralized identity management, NFT ownership and rights.

In addition, the team is expected to begin developing a metaverse soon to connect the existing financial, entertainment, social and other services.


Despite being the largest cryptocurrency exchange in terms of trading volume, Binance has been criticized for its high trading fees. Moreover, Binance is notorious for numerous alleged crimes including money laundering and unplanned downtime that resulted in significant investment losses.

Meanwhile, Coinbase has seen a drop in its share price over the past two months. Over the past 6 months, Coinbase (COIN) is down more than 77%, closing its last trading session at $58.71.

And nearly in the middle of 2022, KuCoin has reached another notable milestone by closing $150 million pre-Series B funding from Jump Crypto, Circle Ventures, IDG Capital and Matrix Partners, bringing KuCoin’s valuation to around $10. increased. billion.

Is history about to be rewritten and will KuCoin play an important role in the next chapter of cryptocurrencies?

Where to buy now

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*In some EU countries and the UK, investing in crypto assets is not regulated. No consumer protection. Your capital is at risk.

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