KuCoin has been among the top ten global exchanges with over 20 million users worldwide, the largest daily trading volume for several years in a row. Therefore, KuCoin has gained popularity and has taken the leading position in the global crypto market by 2022.
The exchange favorably differed from analogs, as it worked quickly, withdrew money as fast as possible, and had an efficient support service.
These daily cryptocurrency dividends amount to 50% of the collected trading fees. In the same year, KuСoin conducted an ICO selling their ERC-20 native token KuCoin Shares (KCS), which brings many benefits for its holders, including trading fee discounts. Eventually, in 2017, they rebranded the company, which received its current name – KuCoin. Since Chinese authorities have gradually tightened control over cryptocurrency transactions in mainland China, Gan and Zu were forced to relocate their organization to Hong Kong. The exchange was founded in 2014, when the former CTO of one of the subsidiaries of Alibaba, Michael Gan, and the top manager of the iBOX PAY service, Jack Zu, launched the Kubi crypto exchange with headquarters in Beijing. It can boast of beginner-friendly UX, robust API, numerous altcoin markets, and other excellent features. Speaking about KuCoin exchange, it is well-known as a leading competitor to Binance. Sepa Bank Transfer, Debit/Credit card, P2P, Apple Pay, Simplex, Banxa. FeaturesĪCH Bank Transfer, Wire Transfer, PayPal, and Credit/Debit card, P2P. So instead of reviewing them individually, we will compare these major players head-to-head to help you get a better idea of which cryptocurrency exchange is best for your needs and worthy of your attention.īefore we dive deeper into the Binance vs KuCoin review, here’s a quick side-by-side comparison summary of these platforms. However, there are many differences between these crypto heavyweights as well.
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Both are convenient for trading and are full of trading features and investment tools suitable for any crypto enthusiast. Today we will focus on two popular and highly respected Asian cryptocurrency exchanges: Binance vs KuCoin.īoth crypto exchanges have a lot in common: hundreds of listed cryptocurrencies, including their native tokens. Separately, Hillmann recently said the company had compliance gaps in its early years that it has since closed, and that it wants to settle with the regulators.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.We continue our exchange comparison series, in which we match the largest and most reputable cryptocurrency exchanges against one another to assist GoodCrypto users in determining which exchange better suits their needs. In a recent 14-page letter to US senators including Elizabeth Warren, Chief Strategy Officer Patrick Hillmann detailed Binance’s work to build out its compliance program and team, but didn’t provide details on the company’s finances that the lawmakers had requested. However, the company has argued that the global exchange is not subject to US jurisdiction because it has no headquarters.īinance has also been publicly signaling that it expected to settle with US authorities probing its business practices, and that it closed compliance gaps that existed in its early years. Binance, which exploded onto the crypto scene in 2017 and almost immediately took on and surpassed larger rivals, saw its market share surge after last November’s collapse of FTX.
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