Ascent Award recognizes KuCoin as the best app of 2022 for enthusiasts
The Ascent Award has recognized KuCoin as the best cryptocurrency application for enthusiasts in 2022, praising the cryptocurrency exchange for low commissions, high security measures, transparency and customer focus in operations.
The mobile application of the global KuCoin cryptocurrency exchange has been recognized as the best application for enthusiasts by an annual survey conducted by The Ascent. Among the other cryptocurrency exchanges noted by The Ascent were Gemini, Coinbase, Binance.US, Crypto.com, and FTX, all of which were known for their outstanding performance in ensuring high accessibility and convenience for digital assets.
The Ascent highlighted the significant growth of KuCoin’s user base and trading volumes, which totaled more than $1 trillion by 2021, and $3 billion in daily revenue for Futures and Spot Trading. Such recognition comes weeks after KuCoin announced that it had crossed the 10 million user threshold by the end of 2021. The stats place KuCoin in the top five crypto exchanges on CoinMarketCap and Coinecko.
KuCoin positions itself as the “by the people for the people” exchange focused on altcoin trading. The exchange offers more than 1,100 trading pairs and has hosted the listing of more than 640 cryptocurrencies, which were later recognized as gems. In an effort to achieve higher stats, KuCoin recently launched a $100 million fund dedicated to metaverse development and incubation of promising projects. The initiative is part of the exchange’s strategy to strengthen the overall holistic nature of its own infrastructure to meet the growing number of users seeking convenient and diverse products in the decentralized market.
The Ascent is a personal financial service from The Motley Fool that rates and rates essential products for day-to-day money matters through unbiased analysis. The Ascent uses a transparent rating methodology to determine the best crypto exchanges. Service, competitive rates, cryptocurrency selection, security and transparency and knowing customer rules are some of the factors considered by the team of experts.