KuCoin Doubles Trading Volume in Q4 2023, with User Base Crossing 30M at Year-End

Major cryptocurrency exchange KuCoin has released its key financial metrics for the full year of 2023, unveiling that the firm remained steadfast in the face of market fluctuations.

Spot trading volume on the KuCoin platform in the last quarter of 2023 enjoyed a surge of 106% over 2022. Besides, the company has grew global client base by 16% to approximately 31 million, with the majority coming from the Latin America region, which saw a 34% increase.

The firm introduced 149 new assets in 2023, expanding the total tradable digital assets to 830 and trading pairs to 1,246.

"Our vision has always been to be the 'People's Exchange'," said Johnny Lyu, the CEO of KuCoin. "This year's achievements reflect not just our growth, but our dedication to providing a safe and secure trading platform as we continue expanding."

KuCoin states that it is poised to maintain this momentum in the coming year.

Last month, Fazzaco reported that KuCoin agreed to pay a total of $22 million and terminate access for users in New York state, to settle charges​ that it violated securities laws.