2020 KuCoin Annual Report
2020 has been a year of ups and downs in the crypto market.
Bitcoin experienced its darkest moment on March 12, with a drop of 39.5%. On November 30, Bitcoin ushered in its brightest moment that broke the record, exceeding $19,722 for the first time.
2020 was also a year of mass adoption of blockchain technology.
At the beginning of 2020, the crypto market-cap was hanging slightly below $200 billion, while it now tops $738 billion. That is a 269% net increase.
With institutional liquidity pouring into the crypto market, enthusiasm for investing traditional capital also increased. Google Trends also shows that the recent search index for Bitcoin broke record highs.
What's more, there has been an unprecedented upward trend in the total value locked in DeFi. It skyrocketed from the year-opening’s $650 million to $15 billion, an astounding 2,000%+ year-on-year increase.
2020 has witnessed a year of expansion at KuCoin. In this article, the KuCoin will share the 2020 KuCoin annual report with you.
1. 24-hour Deposit Exceeded $500 Million
On March 9, a large number of users deposited crypto assets into KuCoin, with the 24-hour deposit exceeding $500 million, an all-year-high!
2. 24-hour Trading Volume Reached Over $1.9 Billion
Driven by the popularity of DeFi, the crypto market is recovering. The trading volume of KuCoin is rising. The 24-hour trading volume topped $1.9 billion on July 28, the record for the entire year.
3. Bitcoin Contributes 1/4 of KuCoin Trading Volume
In 2020, the most popular trading pair was BTC/USDT (by volume), which accounted for 26.1% of the total KuCoin trading volume.
4. Altcoin is Becoming More Popular
In 2020, about 74.7% of KuCoin users traded Bitcoin. Bitcoin and Ethereum are getting more and more popular, as well as a lot of altcoins. About 88.4% of users traded altcoins this year. Find the next crypto gem on KuCoin.
5. The Most Popular Altcoins on KuCoin
The top 10 most popular altcoins (by volume) in 2020 include: KCS, EOS, AMPL, ADA, TRX, VIDT, LINK, XTZ, ATOM, and DOT.
6. 85.9% of Users Made a Profit on KuCoin This Year
In 2020, with the crypto market recovering, the vast majority of users went from being in the red to the black. 85.9% of KuCoin users have seen a positive income. However, more than half of these users make fewer than 10 transactions throughout the year. It could be possible that the most stable way to make money is to HOLD.
7. Who Traded $7 Billion on KuCoin?
In 2020, as the price of Bitcoin keeps rising, we have observed more and more active transaction behaviors of users. One user‘s trading volume was more than $7 billion this year.
8. Who Got 70,108 in KCS Bonus?
In 2020, the KCS bonus became the favored “passive income” for KuCoin users. 10.6% of KuCoin users made passive income via the KCS bonus. One of the users got a total of 70,108 KCS this year. Who is the real KCS whale?
9. Who Saved Over $60,000 with KCS Pay Fees?
In 2020, 10.1% of KuCoin users pay trading fees via KCS. It is worth mentioning that one user paid trading fees through KCS and saved a total of 63,287 USDT in fees. Use KCS to pay trading fees comes with a 20% discount, click for details.
10. Who Sent 30,000 Red Envelopes This Year?
In 2020, the KuCoin user who received the most red envelopes got a total of 2,883, with a total value of $1,800. The user who sent the most red envelopes sent a grand total of 29,412 for a total value of $13,745.