KuCoin reported its 2024 annual review, driving new user growth to more than 38 million.
By Godfrey Benjamin
Edited by Marco T. Lanz
Updated
3 mins read
KuCoin, one of the biggest crypto exchanges, has reported strong growth and achievements in its 2024 Annual Review. According to the exchange’s update, it experienced a significant surge in its trading activity and expanded its user base. It also took notable steps to improve its security and compliance.
KuCoin now boasts over 38 million users, with Latin America (LATAM) and the Middle East/North Africa (MENA) leading the growth. The report shows that the exchange made some strategic decisions that helped push it to new heights.
Per the annual review, KuCoin’s most significant achievement was its huge trading volume increase. Spot trading in the MENA region tripled, and Europe saw a 144% rise. This growth shows that KuCoin is keeping up with market trends and meeting the rising demand for crypto trading.
In 2024, the trading platform expanded its asset offerings as it doubled new listings over the year. Q4 saw a 170% increase compared to Q3. This move gave traders more options and strengthened KuCoin’s reputation for new digital asset listings.
The futures trading market also boomed as the exchange added 125 new assets, bringing in over 3 million users. In Q4 alone, the user base grew by 30%, drawing retail and institutional investors.
CoinMarketCap data shows that KuCoin now ranks as the eighth largest exchange with over $1 billion daily trading volume.
KuCoin strengthened its security and compliance efforts in 2024. It became the first global exchange to secure registration with India’s Financial Intelligence Unit (FIU). It now holds five regulatory licenses worldwide.
KuCoin’s recent settlement with the US Department of Justice (DOJ) also solidified its position as a compliant exchange with no legal headwinds to battle. As part of the settlement, the trading platform agreed to a $300 million payment to the DOJ for violation of the Bank Secrecy Act (BSA). Its co-founders also had to step down from leading the firm moving forward.
Coinspeaker reported that this move will allow KuCoin to shift its focus toward growth and innovation.
The annual review mentioned that KuCoin launched innovative platforms like GemPool and GemVote. These platforms boosted community engagement and made the token listing process easy. It also helped bring new assets with more transparency to the market.
Meanwhile, its Trading Bot platform recorded a 49% surge in newly created bots during Q4. As more traders use automation, KuCoin stays ahead by introducing smart and easy-to-use tools.
Beyond business growth, KuCoin focused on corporate social responsibility (CSR). Its ‘Light Up Africa’ initiative distributed 10,000 solar lamps and impacted 50,000 children. In 2025, KuCoin said it plans to set its sights on AI-powered platform upgrades while remaining focused on security, compliance, and global growth.
This development is poised to help the exchange remain a major competitor in the crypto space.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
