To KuCoin Community: I Love You 30,000,000
Dear KuCoin Community,
As I sit down to pen this letter, my heart is brimming with gratitude and emotions. Six years ago, when we embarked on this incredible journey, none of us could have foreseen the remarkable path we'd tread together. Today, on behalf of the entire KuCoin team, I want to look back and reflect on the moments that have defined our shared history of Rising Together.
Evolving Industry
Looking back, the industry has also gone through a remarkable evolution during the past six years with exponential growth and transformative changes.
Back in 2017 when KuCoin first launched, the total market capitalization of all cryptocurrencies stood at around $17 billion, and BTC dominated the scene with a market share of approximately 85%. Fast forward to today, the total market capitalization has soared to over $1.08 trillion. Meanwhile, the market has become significantly more diverse, with thousands of cryptocurrencies and tokens, each catering to unique use cases and innovations.
We are also thrilled to see mass adoption of crypto around the world, especially for countries/regions with high inflation. Crypto is becoming the new way of value preservation and payment method. With the fast-changing landscape, regulatory frameworks have started to take shape in various countries, providing both clarity and challenges for the industry's future.
As we look ahead, we see a future brimming with potential. The cryptocurrency ecosystem is more dynamic than ever, and we're committed to being at the forefront, leading the way in innovation, security, and user satisfaction.
People’s Exchange
The past six years have been a rollercoaster of excitement, challenges, and growth. We've witnessed the industry landscape evolve and transform at an astonishing pace. We've also seen KuCoin grow from a promising startup to one of the world's leading cryptocurrency exchanges. As “People’s Exchange” we've expanded our services, delved into new markets, and constantly strived to offer innovative solutions that cater to your needs.
At KuCoin, we always put user asset safety first. Our ongoing Bug Bounty Program ensure us to have our security control system under constant monitoring, the routinely updating Proof-of-Reserve page allows our users to verify their own asset data and our frequently published security related articles provides users with rich knowledge on how to stay safe at all times.
From 0 to 30,000,000
Over the past six years, we have risen to become the leading crypto exchange, serving over 30 million users across more than 207 countries and territories, and supporting over 750+ assets with 1300+ trading pairs. We have built 24 global communities, encompassing diverse languages and geographical regions. Our user base continues to expand, growing at an impressive rate of 26% year-on-year (according to our H1 Report). And we are eager to see more adventurers embark on our path.
Industry Recognition
We are currently one of the top 5 crypto exchanges according to CoinMarketCap and Coingecko. In 2023, Forbes Advisor named KuCoin as one of the Best Crypto Exchanges for 2023, Finder's recognized KuCoin as highly commended crypto exchange in Finder's 2023 Global Cryptocurrency Trading Platform Awards. We also received recognition from Ascent and Hurun by being named as the Best Altcoin Exchanges 2023 and a top 50 company in the 2023 Hurun Global Unicorn List.
These achievements have been possible because of your continuous engagement, feedback, and, most importantly, your belief in our platform.
Rising Together
But it's not just about the numbers; it's about the shared experiences, the late-night trading sessions, the thrill of discovering a new gem in the crypto space, and the camaraderie that has developed within the KuCoin community. It's about the moments of growth and learning that have bound us together in this exciting journey of exploration and discovery.
Through market bull runs and bearish trends, through technological innovations and regulatory changes, we've stood by your side, adapting, growing, and evolving.
Once again, thank you for being a part of this extraordinary journey. Together, we've created something truly special, and I'm excited to see what the future holds for KuCoin and our remarkable community. Let’s Rise Together, for the future.
With heartfelt gratitude,
Johnny Lyu