Celebrating KuCoin’s 4th Anniversary: Achievements and the Road Ahead

With more and more traders entering the crypto market, security and dependability have become even more important considerations when choosing a trading platform. KuCoin Exchange is living up to its vision of providing maximum security to its consumers as the most innovative and safe cryptocurrency exchange.

KuCoin Exchange is envisioned as more than just the regular crypto exchange! With special emphasis on combining both social and trading elements to make trading itself easier, they are bringing crypto closer to the public. In line with this objective, their ecosystem is committed to providing information and engagement services that will make crypto trading no longer a game for a limited number of skilled investors.

KuCoin Exchange’s Growth is Divided Into Stages

When running a crypto exchange, security is always the first consideration. KuCoin faced one of the most serious security problems since its inception in 2020. Fortunately, with the combined efforts of all parties, they effectively surmounted the hurdles and significantly increased KuCoin’s security level.

The KuCoin exchange team got a warning from the risk control system on September 26, 2020, and discovered an anomalous ETH transfer record. Following that, they kept an eye on the anomalous alerts for the transfer of BTC, ETH, and numerous ERC-20 tokens. This event affected a total of 154 tokens, with a total worth
of around $285 million depending on the market value.

Following the event, the folks at KuCoin exchange took an open and responsible approach to keep people informed about the situation via YouTube live broadcasts while working on three defensive fronts at the same time:

1. Upgrade to Wallet Security: They swiftly abandoned the previous hot wallet, re-deployed the wallet technology, and improved the risk control method.
2. Recovery of Stolen Assets: In an attempt to retrieve the stolen funds, KuCoin immediately contacted exchanges, projects, and wallet partners.
3. Suspect Tracking: KuCoin constantly collaborates with law enforcement and security agencies to hunt down suspects.

KuCoin Exchange’s Platform 2.0, Featuring Advanced API and a Variety of Order Types

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KuCoin Exchange’s platform 2.0 includes a new WebSocket API, Stop Orders, Device Trust System, and SNS push alerts, in addition to brand-new interfaces for the website, iOS, and Android Apps.

KuCoin 2.0 is more than simply a trading platform; it’s a dynamic, secure, and adaptive trading platform capable of offering consistent and efficient services to KuCoin’s 5 million global consumers. The long-awaited multiple order types will better meet the trading demands of their investors.

Amazingly, KuCoin tokens (KCS) have increased by more than 17% following the announcement of the release of Platform 2.0 upgrade on February 17th, 2021. Soon after the update was completed, the token surged to more than $0.52, gaining nearly 40% in three days.

Reasons for this surge are:

• Efficient Notification Module – Users have easy access to real-time market data thanks to the KuCoin WebSocket feed, which works in conjunction with the newly integrated App and SMS push alerts.
• More Attractive Fee Program – KuCoin’s Tiered Trading Fee Discount Program, provides distinct trading costs for Takers and Makers, increases liquidity, and effectively cuts trading fees, all while boosting transaction efficiency.
• Order Types – They provide users with a suite of order types, giving traders the tools they need for every circumstance. Limit, Stop, Market, Post Only, Iceberg, and other terms fall under this category.
• More Convenient Self-service Management Features – To increase service efficiency, Platform 2.0 has included support for internal transfers, self-service unbinding, self-service account freezing/unfreezing, and other user self-service features.
• Reliable Security Services – Their top objective is to implement many security techniques to secure users’ information and payments. KuCoin now offers SMS authentication, a device trust mechanism, and protective walls to secure user information and assets.
• KuCoin’s APIs – They are meant to provide a quick and fast method to construct a safe and automated trading strategy.

What is KuCoin Exchange Doing Now?

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Well, there are so many things KuCoin Exchange is doing right now! Among the others that were recently completed is the Leveraged Tokens Trading Competition. With a total of $15,000 worth prize pool, the competition ended with great success. The most recent ‘Halloween Referral Mania’ gave users the chance to earn 5 USDT referral rewards via KuCoin’s P2P referral program.

With the launching of the KuCoin Social Trading Features, the platform is aiming to improve the user interface. This is to better meet the brand-new social feature for Generation Z. Based on the theme of “Futurism,” the platform altered its colors, aesthetics, and interface components.

Gradually, the KuCoin exchange will hand out additional invitation codes, making social trading features available only to invited individuals. Later this year, these functionalities will be available to all users.

Conclusion

KuCoin exchange is unquestionably a cryptocurrency exchange that stands out from the crowd. Rather than pursuing the traditional way of adding as many FIAT pairings as possible, KuCoin has chosen the polar opposite strategy by not enabling any FIAT trading at all. This allows the exchange to focus on other areas, such as the inclusion of a large number of cryptocurrencies and trading pairings that no other exchange
provides.

If users want to trade altcoins, this crypto exchange is ideal for them. Once they have their Bitcoin (or USDT), they may transfer it to KuCoin and start trading altcoins right away. Furthermore, KuCoin Exchange allows purchasing cryptocurrencies straight with their credit/debit cards.

KuCoin Exchange recently partnered with Blockwiz – Global Marketing agency to Web3 marketing agency that provides integrated cryptocurrency marketing solutions across crypto influencers, PR, SEO, and social media; in an effort to strengthen online communities and meet their business objectives. So, are you willing to securely grow your crypto assets? Feel free to check the KuCoin exchange community on Reddit, Instagram, and other social channels for more information!

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