Founded in 2017, KuCoin has grown into one of the most popular cryptocurrency exchanges with over 8 million users in 207 countries and regions around the world. Largely due to its diverse markets and global community, its large audience means there is a high demand for liquidity among active traders on the platform. Named the Best Crypto Exchanges for 2021 by Forbes, KuCoin has a lot going for them, so let’s dive into what makes them one of the largest and most widely used crypto exchanges.
The KuCoin Exchange features more than 600 unique digital assets and currently provides Spot trading, Margin trading, P2P fiat trading, Staking & Lending. In the middle of the KuCoin ecosystem, lies its very successful exchange token, KCS. It holds the promise to become a lucrative investment option for the long term. Additionally KCS tokens come with an array of real-world applications from hotel bookings to borrowing USD.
KuCoin Lending & Staking
You can lend your idle assets to other KuCoin users who are looking for margin trading loans using its lending and staking protocol. To secure a loan, traders must keep a specified quantity of assets as collateral, ensuring that they can repay the USDT if their prediction is incorrect and BTC falls in value.
A KuCoin staking pool is a collection of stakers that have pooled their resources. They do this in order to improve their chances of being selected as block validators and receiving a staking reward. Their pooled resources split the profits proportionally to their contributions to the pool.
KCS Bonus and Benefits
A daily bonus can be obtained by holding at least 6 KCS, which comes from 50% of KuCoin’s daily trading fee revenue. KCS Bonus is also regarded as one of the most effective methods for generating passive income within the ecosystem!
KCS bonus has a 7-day average annualized yield of more than 9.9%. Users who have held KCS for 959 days and received more than $1 million in incentives can be found on the KCS Bonus Leaderboard. That being said, the following are some of the advantages of owning KCS:
- Bonuses from the KCS
- Having a large number of KCS can help you save money on transaction costs.
- Already included in a number of well-known dApps and other applications such as KCC. (KCC’s purpose is to solve the problems such as low performance and high cost of the public chain, to provide community users with a faster, more convenient, and low-cost experience.)
The Journey
KuCoin, which has been known as the “People’s Exchange,” has always supported high-quality crypto assets. Through different techniques like direct listing, community vote, Spotlight, KuCoin Win, BurningDrop, and others, KuCoin has found 600+ high-quality assets to make available for trading on their platform. Over the course of this four-year journey, they’ve gone from zero to $1 trillion in transaction volume, some of the fastest growth in the market.
Summing a total of 820 million traders and an average daily transaction volume of more than $4 billion, this is about 791% growth year over year for KuCoin. From $0.4 billion, the peak transaction volume has surpassed $10 billion. The increase in the user base is the reason for this. The number of registered KuCoin users has now surpassed 10 million.
What Mizar can add to KuCoin?
With Mizar, you’re able to connect your API keys from KuCoin to our platform so that you can start automating your KuCoin trading today and take part in copy trading strategies without ever giving up the custody of your tokens! Since Mizar is non-custodial, the bots or strategies you use on our platform can only trade on your behalf, never having the ability to transfer your funds out of your wallet. This way you will be able to enjoy the benefits of both platforms in a simple and seamless way, with you feeling secure that your funds are safe within the possession of your accounts!
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