KuCoin Leads the Charts as Top Regulated CEXs in TokenInsight Report
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The rising adoption of cryptocurrency is driving significant technical innovations and investment opportunities. However, this rapid expansion also brings substantial risks to the crypto industry. TokenInsight's latest report analyzes the regulatory compliance of the top 10 global cryptocurrency exchanges, with KuCoin emerging as a leader.
According to the report, KuCoin has demonstrated a leading position in securing regulatory approvals, highlighting our commitment to obtaining necessary licenses across various jurisdictions. In terms of global reach, KuCoin covers the second most legal and regulated countries, adhering to our dedication to operating within legal frameworks worldwide. KuCoin also stands out for implementing the lowest daily withdrawal limits among top exchanges, showcasing its stringent user security measures and regulatory compliance.
Moreover, KuCoin excels in anti-money laundering (AML) efforts, collaborating with the highest number of external vendors, including Chainalysis, Cybersource, Sumsub and etc, to bolster our AML strategies. In law enforcement cooperation, KuCoin ranked second, handling over 4,100 and 7,200 requests during the same period. Additionally, we prioritize user education, by running numerous campaigns to promote informed trading practices.
The TokenInsight report emphasizes the importance of security and regulatory compliance as the cryptocurrency industry continues to grow. Exchanges like KuCoin is leading the way by implementing rigorous compliance measures and fostering a secure trading environment. Such efforts not only protect users but also contribute to the broader acceptance and legitimacy of cryptocurrency in the global financial landscape.