5 Major Developments for KuCoin (KCS) in 2023
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In 2023, KuCoin (KCS), one of the leading names in the cryptocurrency industry, made several key developments. We look back at five significant advancements everyone should take note of.
New Products and Services Launch
During the first half of 2023, KuCoin listed 89 new assets, bringing the total number of digital assets on its platform to 794, with 1364 trading pairs. The platform supported 26 projects on KuCoin Spotlight and 55 on KuCoin Burningdrop.
KuCoin Trading Bot, introduced in early 2021, saw substantial growth with over 12 million trading bots created by users and a trading volume surpassing 5.7 billion USDT. Furthermore, they introduced Spot Grid AI Plus and the Smart Rebalance Web Pro version to enhance trading experiences.
KuCoin Pool Expansion
KuCoin Pool achieved significant milestones, including launching new Cloud Mining programs and an LTC mining pool. The Bitcoin hashrate on KuCoin Pool now ranks among the top 10 global mining pools.
The hashrate sales on KuCoin Pool grew by over 550%, indicating strong product innovation.
KuCoin Token (KCS) Developments
The 40th burn of KuCoin Token (KCS) occurred in May 2023, positively impacting the token’s value. The total number of KCS holders surpassed 1.8 million.
KCS holders can use the token for services like Staking, Liquidity Mining, and Lending, and enjoy discounts on trading fees.
KuCoin Community Chain (KCC) Growth
KuCoin Community Chain (KCC) saw a 23% increase in total addresses, reaching nearly 710,000, and the total transaction volume exceeded 20 million.
Over 100 projects integrated or deployed on KCC. KCC significantly improved its underlying protocols and partnered with various security firms to ensure on-chain security.
Introduction of KCS Staking Products
In November 2023, KuCoin fully supported the KCS Bonus Upgrade and introduced KCS Staking Products. It transitioned from the original KCS Bonus reward system to a staking-based system. A 30-day KCS staking activity was also conducted, offering extra rewards to KCS stakers.
These developments represent KuCoin’s ongoing efforts to innovate and expand its services and offerings. Each advancement has contributed to the platform’s robust growth. Plus, it brings more utility to KCS.
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