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KuCoin Security Monthly Report: July 2025

2025/07/31 04:12:01

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At a Glance:

Fully Backed: All major assets remain fully backed, with reserve ratios above 110% for BTC, ETH, USDT, and USDC.
H1 2025 Achievements: 41M+ users, AAA security rating, MiCA license application, expanded product suite, and award-winning ESG impact.
Futures Excellence: KuCoin Futures ranked #4 globally on CoinGlass, reflecting strong market presence and liquidity.
Independent Audit: Hacken validates KuCoin’s reserves through a comprehensive third-party Proof of Reserves review.
 

1. Fully Backed: 110%+ Reserve Ratios

Maintaining complete transparency through our Proof of Reserves (PoR) initiative remains a central part of KuCoin’s mission. In July, our reserve ratios for all major assets stayed above 110%, providing users with verifiable, on-chain assurance that their assets are fully backed and secure.
 
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These results reflect KuCoin’s disciplined operations and ongoing commitment to transparent and responsible fund management.
 

2. Looking Back — and Ahead: Trust, Growth, and Innovation

The first half of 2025 demonstrated KuCoin’s ability to deliver growth and innovation while maintaining the highest standards of security and compliance, even in an evolving regulatory and market landscape.

Key Achievements in H1 2025:

  • User Growth: Surpassed 41 million users worldwide.
  • Security Leadership: Advanced the $2B Trust Project, earned AAA security rating from CER.live (Top 4 globally), maintained ISO 27001:2022 and SOC 2 Type II certifications, and integrated institutional-grade custody through BitGo’s Go Network.
  • Compliance Progress: Submitted MiCA license application in Austria and launched KuCoin Thailand under SEC license — affirming our commitment to regulatory alignment. These efforts reflect KuCoin's dedication to aligning with global regulatory standards while expanding into key markets like MENA and LATAM, where spot trading volume saw double-digit growth.
  • Product Expansion:
    • Global Expansion of KuCoin Pay: KuCoin Pay extended its reach worldwide, supporting crypto payments for real-world services—like retail transactions via AEON’s VietQR and QR Ph codes across Southeast Asia.
    • KuCard Momentum: KuCard saw over 30% growth in transaction volume and launched an 8.5% KCS cashback reward for high-tier users, enhancing utility and loyalty.
    • AI-Powered Trading Bots: The Trading Bot platform hit 8.9 million bots created and experienced a 40% surge in trading volume, driven by continuous AI upgrades.
    • Broadening Asset Listings: KuCoin added 170+ new tokens and 106 futures assets, enriching its offering for a wider range of trading strategies and user preferences.
  • Futures Trading Excellence: Ranked #4 globally on CoinGlass, with enhanced features such as cross-margin mode and trailing stop orders.
  • Investments & Research: Backed innovative projects through KuCoin Ventures & Labs, and published in-depth research on key industry trends.
  • Customer Service Excellence: Handled 1.5M+ inquiries with improved satisfaction metrics.
  • Social Impact: Distributed 9,700 solar lamps and 5,000 menstrual kits, reaching over 50,000 lives globally.
  • Global Recognition: Received the UNWWO CSR Award for sustainability efforts.
  • Trusted by the Industry: Named “Best Crypto Exchange 2025” by Forbes Advisor and CoinBureau; ranked top-tier by CoinGecko and CoinMarketCap.
 

Looking Ahead: Priorities for H2 2025

As we enter the second half of the year, KuCoin remains committed to strengthening trust, advancing security, and driving innovation across our platform.
Our priorities for H2 include:
  • Advancing the MiCA licensing process in Europe and expanding regulated platforms globally.
  • Continuing enhancements to the $2B Trust Project, including new independent audits and security innovations.
  • Delivering additional user-driven products and trading tools, and expanding the utility of KuCoin Pay and KuCard.
  • Increasing transparency and community engagement through governance opportunities, education, and reporting.
  • Expanding ESG initiatives to further our role as a responsible leader in the digital asset industry.
Our vision is clear: to provide a secure, inclusive, and innovative ecosystem that empowers users worldwide and upholds the highest standards of trust and reliability.
 

3. KuCoin Futures: Ranked #4 Globally by CoinGlass

We are pleased to share that KuCoin Futures was ranked #4 globally among derivatives exchanges by CoinGlass, a trusted platform for crypto derivatives analytics.
This recognition underscores KuCoin Futures’ growing influence, robust liquidity, and our commitment to providing traders with a seamless, transparent, and data-driven experience.
We will continue to enhance KuCoin Futures with innovative features, advanced analytics, and industry-leading tools to support our global trading community.
 

4. Hacken-Audited Proof of Reserves: Verified Transparency

In July, KuCoin successfully completed its latest independent Proof of Reserves audit, conducted by Hacken, further reinforcing confidence in the integrity of our platform.
The audit confirmed that all user deposits — including BTC, ETH, USDT, and USDC — remain fully backed, with reserves exceeding 100%. Hacken reviewed assets across multiple blockchains, validated wallet ownership, and supervised the compilation of the balance sheet, finding no discrepancies.
KuCoin has now published 32 consecutive months of Proof of Reserves reports, a testament to our long-term commitment to transparency and accountability.

Audit Highlights:

  • All BTC, ETH, USDT, and USDC deposits are fully backed with no discrepancies.
  • Wallet ownership verified using advanced methodologies, including digital signatures and “send-to-self” transactions.
  • July audit conducted by Hacken; PoR reports published monthly for 32 months.
 

CEO Perspective:

“Transparency is the foundation of trust in the crypto ecosystem. This audit validates our commitment to safeguarding user assets and reflects our vision of building a secure, inclusive platform. We will continue to prioritize transparency as a cornerstone of sustainable growth.” — BC Wong, CEO at KuCoin
 
 

Closing Thoughts

As we progress through the second half of 2025, KuCoin remains steadfast in our mission to set the benchmark for security, transparency, and innovation, ensuring that users around the world can trade and build with confidence.
 
Thank you for trusting KuCoin.
 
Note on Reserve Tracking Accuracy
Third-party analytics tools that monitor KuCoin's reserves may occasionally display outdated figures if wallet address updates are delayed during system maintenance. Rest assured, all user funds remain 1:1 backed and secure. We actively collaborate with data providers to ensure timely address updates for accurate reserve reporting. For real-time verification, always refer to KuCoin's official Proof of Reserves page: https://www.kucoin.com/proof-of-reserves