KuCoin, the cryptocurrency exchange that has consistently grown since 2017, recently received the "Best Centralized Exchange" (Best CEX) award from the renowned crypto media BeInCrypto. This honor not only acknowledges its years of outstanding service but also signals the further consolidation of its leading position in the global crypto ecosystem. This article will analyze KuCoin's background, its development history, and the diversified services it offers to explore the reasons behind this significant award.
KuCoin Exchange Overview and Development History
Launched in 2017, KuCoin is a Centralized Exchange (CEX) that holds a significant position in the global cryptocurrency market.
On the BitDegree Exchange Tracker, KuCoin is currently ranked #8, demonstrating its strong standing in terms of global trading volume and user base. Over the last 24 hours, KuCoin recorded a trading volume of approximately $1.946 billion, with its 7-day trading volume reaching an impressive $1.05 trillion.
In terms of asset support, KuCoin offers an extremely rich selection, currently featuring 833 cryptocurrencies, 2 fiat currencies, and 1,380 markets (cryptocurrency trading pairs). The most popular trading pair is BTC/USDT.
Core Services and Diversified Ecosystem:
KuCoin's key services include spot and margin trading, a derivatives market, and peer-to-peer (P2P) fiat transfers. Furthermore, it has built a comprehensive ecosystem that provides additional services such as the KuCoin Wallet, the Windvane NFT Marketplace, as well as staking and lending mechanisms, meeting the diverse needs of users ranging from trading and investment to Web3 interaction.
While KuCoin provides services globally, it is important to note that it is not licensed in the USA, meaning US-based traders cannot utilize all the services provided by the exchange.
Core Reasons for Winning the "Best CEX" Award
KuCoin's ability to stand out among numerous exchanges and win BeInCrypto's "Best CEX" award is primarily attributable to its exceptional performance in several key areas:
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Rich Asset Diversity and Liquidity:
KuCoin is famously known as the "Gem Hunter," offering over 800 cryptocurrencies and nearly 1,400 trading markets, which surpasses many of its major competitors. This broad selection, particularly the launch of many emerging and low-cap cryptocurrencies, has attracted a large user base seeking new investment opportunities. Its high trading volume and liquidity ensure users can execute transactions efficiently, which is the fundamental requirement for being named the "Best" exchange.
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Innovative Product Ecosystem and User Experience:
Beyond core trading services, KuCoin actively embraces innovation, extending its services from a traditional CEX into the broader Web3 space, including an NFT marketplace, wallet services, and diversified Earn products (staking and lending). This one-stop-shop model significantly enhances user experience and stickiness, allowing it to cater to everyone from novices to seasoned traders.
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Community and Global Strategy:
The selection for the "Best CEX" award is often influenced by feedback from the global user community. KuCoin is committed to its global layout and has built a strong community foundation worldwide through community activities and proactive user support. This user-centric strategy has earned it widespread recognition for transparency, trustworthiness, and service quality.
In summary, KuCoin's win of the BeInCrypto award affirms its success in combining a broad selection of assets, a rich product ecosystem, and strong global liquidity, providing its users with a comprehensive and highly competitive cryptocurrency trading platform.