Latest news with #BCWong
Cision Canada
22-07-2025
- Business
- Cision Canada
KuCoin Resumes BRL Fiat Balance Transactions, Strengthening Commitment to Brazilian Traders
VICTORIA, Seychelles, July 22, 2025 /CNW/ -- KuCoin, a leading global cryptocurrency exchange, proudly announces the resumption of Brazilian Real (BRL) fiat balance transactions for its spot market. This step reinforces KuCoin's dedication to Brazilian traders. Users can now hold BRL in their KuCoin accounts, deposit and withdraw funds via PIX or bank transfers, and trade popular cryptocurrencies like Bitcoin, Ethereum, and Tether directly with BRL. Fully compliant with the Central Bank's Know Your Customer (KYC) requirements, this service ensures a regulated trading environment. This resumption delivers significant benefits for Brazilian traders, positioning KuCoin as a preferred platform in the region. It introduces cost efficiency by enabling direct BRL trading, eliminating currency conversion fees—a key advantage in a market where cryptocurrencies counter economic volatility. The integration of PIX, Brazil's instant payment system, provides fast and convenient deposits and withdrawals, empowering traders to capitalize on market opportunities effortlessly. KuCoin's adherence to the Central Bank's strict KYC processes fosters trust and security. Moreover, BRL support lowers entry barriers for new traders without foreign currency accounts, expanding crypto market participation. To celebrate, KuCoin launched a limited-time promotion: Top-Up Ranking Contest: The top 10 users with highest BRL top-ups share a 2,050 USDT prize pool. Large Purchase Bonus: Receive up to 10 USDT when purchasing crypto with BRL. New User First Purchase Gift: 1 USDT bonus for first crypto buy. New User 0 Fees: Free top-ups and withdrawals for the first month. For the latest details on activity rules, please visit KuCoin's official website. BC Wong, CEO of KuCoin, stated: " Latin America is a vital market for KuCoin, and our commitment remains unwavering. We are dedicated to providing Brazilian traders with an exceptional trading experience. As the first major exchange to support BRL transfers via PIX after Brazil's Central Bank policy updates in 2022, our current resumption of BRL balance transactions further highlights our leadership in innovation and regulatory alignment." Brazil's crypto market ranks ninth globally, with $4.69 billion in net crypto imports in Q1 2024—a 118% increase. Stablecoins lead transactions, signaling a need for stability. The market is expected to generate $2.8 billion in revenue by 2025, fueled by rising adoption and a favorable regulatory landscape. KuCoin's BRL fiat balance transactions streamline fiat-to-crypto conversions, cutting costs and complexity through PIX. Compliance with upcoming 2025 stablecoin regulations builds further trust, encouraging mass adoption. With this initiative, KuCoin cements its leadership in Brazil's vibrant crypto ecosystem, shaping the future of finance through innovation and strategic partnerships. About KuCoin Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at:
Cision Canada
10-07-2025
- Business
- Cision Canada
KuCoin Completes Independent Hacken-Audited Proof of Reserves
Achieves the 32nd Consecutive Month of Publishing PoR Reports, Sustaining over 100% Coverage VICTORIA , Seychelles , July 10, 2025 /CNW/ -- KuCoin, a leading global cryptocurrency exchange, is pleased to announce the successful completion of its latest Proof of Reserves (PoR) audit, conducted by renowned blockchain security firm Hacken. Through rigorous PoR audit procedures — including Proof of Liabilities, Proof of Ownership, Reserves Calculation, and a comprehensive Proof of Reserves Assessment — the audit covered a wide range of assets across multiple blockchain networks. This process underscores KuCoin's commitment to full transparency and user trust. Continue Reading During the meticulous evaluation, KuCoin successfully demonstrated that its holdings not only fully cover but exceed all user liabilities across all in-scope assets, maintaining a solid reserve ratio greater than 1:1. These assurances are substantiated by the compelling findings presented in the audit results and mark the 32nd consecutive month that KuCoin has published a PoR report confirming full collateralization — a clear testament to the platform's long-standing dedication to transparency and user protection. The audit validated KuCoin's reserves across a broad range of cryptocurrencies , confirming that all user liabilities for in-scope assets are fully backed without exception. According to the latest data available on KuCoin's Proof of Reserves page as of June 30, 2025 , the platform maintains the following reserve ratios for key assets: BTC: 110% 110% ETH : 110% 110% USDT: 114% 114% USDC: 112% These figures reflect KuCoin's prudent approach to risk management and its commitment to maintaining the highest standards of financial security. The audit encompassed assets across more than 30 blockchain networks, such as Ethereum , Solana , TON, and zkSync. Using industry-standard methodologies including custom digital signatures, "send-to-self" transactions, and anonymized liability snapshots, Hacken verified KuCoin's ownership and control of all listed wallets, with no discrepancies or shortfalls identified. "At KuCoin, we believe transparency is the foundation of trust in the crypto ecosystem," said BC Wong, CEO of KuCoin. "This audit not only validates our dedication to safeguarding user assets but also reflects our broader vision of building a secure and inclusive platform for all. We will continue to prioritize transparency and security as we work toward empowering our users and advancing global digital asset adoption. Asset audits represent a vital starting point for industry self-regulation — a necessary step toward building user confidence and supporting the long-term, sustainable development of the crypto space." Looking to the future, KuCoin is dedicated to bolstering user trust through its $2 billion Trust Project, an initiative aimed at fortifying security and transparency across the platform. As part of this initiative, KuCoin will continue to uphold transparency. This includes ongoing investments in cutting-edge security infrastructure to provide a seamless and secure experience. KuCoin also invites users to actively participate in using the intuitive tools available on the Proof of Reserves page. By offering users the ability to verify on-chain data directly, KuCoin continues to push the boundaries of trust and accountability. About KuCoin Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at: SOURCE KuCoin [email protected]
Cision Canada
03-07-2025
- Business
- Cision Canada
KuCoin Futures Ranks 4th Globally on CoinGlass' Latest Derivatives Exchange List
VICTORIA, Seychelles, July 3, 2025 /CNW/ -- KuCoin, a leading global cryptocurrency trading platform, is proud to announce that KuCoin Futures has officially been listed on CoinGlass, the trusted crypto derivatives analytics platform, and now ranks 4th globally among all derivatives exchanges. As institutional and retail interest in crypto derivatives continues to rise, CoinGlass plays a vital role in providing real-time data that shapes user perception and decision-making. The platform's comprehensive ranking system incorporates multiple market indicators, including open interest, trading volume, funding rates, and liquidation activity. KuCoin's strong showing across these metrics highlights its deep market participation, robust liquidity, and ongoing commitment to delivering a seamless and data-driven trading experience. With this new listing, global users can access real-time insights into KuCoin Futures directly via CoinGlass. These include aggregated open interest across all contracts, funding rates, liquidation maps, and market heatmaps. Additionally, CoinGlass provides advanced analytics such as open interest-K line correlations, cumulative trading volume deltas for both spot and futures, net long/short positioning, premium indices, and long-short ratios. These tools empower traders—particularly professionals—to identify strategic cross-platform opportunities such as funding rate arbitrage, price discrepancies between exchanges, unusual open interest surges, and other key market signals. By leveraging these insights, traders can better assess market dynamics and optimize their strategies across multiple trading venues. In parallel with this milestone, KuCoin Futures recently launched a $10 million global initiative, aimed at strengthening community and affiliate partnerships while supporting the next generation of Web3 innovators. This initiative is part of KuCoin's broader mission to rebuild trust in the crypto industry and foster a more sustainable, decentralized ecosystem. "We're honored to be recognized by CoinGlass as one of the top futures trading platforms globally," said BC Wong, CEO of KuCoin. "This achievement reflects the trust of our global user base and our commitment to transparency, innovation, and excellence in product development. We will continue to enhance our infrastructure and empower traders with world-class tools and insights." About KuCoin Futures Launched in 2019, KuCoin Futures is the derivatives arm of KuCoin, offering a wide range of perpetual and quarterly contracts across major cryptocurrencies. Built for both retail and institutional users, KuCoin Futures delivers a powerful, intuitive, and secure trading experience backed by robust liquidity and advanced risk management systems. The platform supports cross-margin and isolated-margin modes, customizable leverage, and a comprehensive API, making it one of the most user-friendly and scalable derivatives platforms in the industry.
Cision Canada
27-06-2025
- Business
- Cision Canada
KuCoin Futures Unveils $10 Million Initiative to Empower Affiliates and Ecosystem Partners, Shaping Million-Dollar Star Partners
A transformative program fostering sustainable growth and deep collaboration VICTORIA, Seychelles, June 27, 2025 /CNW/ -- KuCoin, a global leader in cryptocurrency exchanges, proudly launches a pioneering $10 million initiative via KuCoin Futures, redefining how exchanges connect with affiliates and communities alike. This program builds on KuCoin's recently introduced $2 Billion Trust Project, aimed at rebuilding trust in the crypto industry, while also offering the community long-term wealth-building opportunities. With a monthly investment of $1 million, it empowers affiliates, nurtures the next generation of Web3 innovators, and enhances community engagement to foster a sustainable decentralized ecosystem. This $1 million monthly commitment transcends traditional models, prioritizing sustainability and empowerment. Departing from standard "trading rebates," KuCoin directs resources toward affiliates who share authentically and wield content influence, creating a robust decentralized traffic network and positioning them as vital contributors to Web3's future. BC Wong, CEO of KuCoin, stated: "KuCoin has recently surpassed 41 million users—a testament to the trust of our community and the strength of our partners. This initiative rewards and cultivates true leaders to propel the Web3 ecosystem forward." This $10 million investment highlights KuCoin Futures' unwavering commitment to a thriving crypto future. The program offers affiliates: Sustainable Earnings: Up to 60% commission on trading fees plus exclusive airdrops for lasting rewards. Creative Empowerment: Affiliates gain access to KuCoin's extensive suite of resources—market insights, event updates, tutorials, and educational materials—empowering them to craft impactful content. This support enhances partners' abilities to educate and engage individual users, fostering a deeper understanding of cryptocurrency and accelerating its adoption. Growth Pathway: A clear progression from newcomers to star affiliates and regional leaders, earning greater recognition. Transparency drives the program, with a real-time dashboard tracking traffic, conversions, and earnings. Thematic campaigns and content rewards further amplify affiliate impact. KuCoin warmly invites you to join this collaborative journey toward a decentralized future. Follow KuCoin Affiliate Program and contact us through direct message to become a valued member of our network. Join KuCoin Futures Community and reshape influence in the crypto world! About KuCoin Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at:
Cision Canada
24-06-2025
- Business
- Cision Canada
KuCoin Achieves AAA Rating on CER.live, Solidifying Position as a Top Secure Cryptocurrency Exchange
VICTORIA, Seychelles, June 24, 2025 /CNW/ -- KuCoin, a leading global cryptocurrency exchange, proudly announces its prestigious AAA rating on a renowned cybersecurity ranking platform for cryptocurrency projects. This accolade positions KuCoin as the top 6 most secure exchanges worldwide, reflecting its unwavering commitment to user protection and operational excellence. With a 90% security score and perfect 100/100 marks in server security, user security, penetration tests, and its bug bounty program, KuCoin stands alongside industry giants such as Coinbase, OKX, and Kraken, reinforcing its reputation as a trusted platform in the competitive cryptocurrency market. In 2025, KuCoin has reinforced its security commitment through significant milestones. At TOKEN2049 Dubai, KuCoin announced the $2 Billion Trust Project, which showcases its commitment to the 41 million users through the security-first approach. In addition, the exchange secured the SOC 2 Type II certification, validating its strong internal controls for security, alongside the ISO 27001:2022 certification, aligning with global information security benchmarks. Most recently, on June 19, 2025, KuCoin unveiled a partnership with BitGo that integrates the Go Network for Off-Exchange Settlement. This collaboration enhances security for institutional clients by separating custody and execution. Through multi-year efforts, KuCoin aims to enhance transparency, security, and compliance by integrating advanced features like zero-trust architecture, sophisticated encryption key management, and monthly PoR (Proof of Reserves) reporting. These steps ensure users' assets are both safeguarded and transparently managed, boosting confidence in the platform. BC Wong, CEO of KuCoin, emphasized this ethos, stating, " Security isn't just a feature at KuCoin—it's the foundation of everything we do, and the AAA rating on reflects our relentless focus on user safety. We will continue to invest in cutting-edge security technologies and practices to stay ahead of emerging threats." Looking ahead, KuCoin is poised to strengthen its security framework. The exchange is also pursuing global regulatory compliance, including the MiCAR license in the EU, to meet evolving standards and ensure a secure trading environment worldwide. AAA rating carries weight due to its rigorous CERtified methodology, which evaluates exchanges on cybersecurity practices, penetration testing, PoR, and bug bounty programs. Integrated into CoinGecko's TrustScore, these rankings offer users an objective measure of platform reliability, a critical factor in an industry where security lapses can be catastrophic. Serving over 41 million users across 200+ countries, KuCoin continues to lead by example in the cryptocurrency ecosystem. Its achievements in 2025 highlight a mission to deliver a secure, user-focused platform that builds trust and accelerates Web3 adoption. Through its relentless focus on security, transparency, and innovation, KuCoin continues to set a high standard for the cryptocurrency exchange ecosystem. About KuCoin Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and exceptional user experience. With a connected user base exceeding 41 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as "Best Crypto Apps & Exchanges" by Forbes and has been recognized among the "Top 50 Global Unicorns" by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more at:
