What Is KuCoin?
KuCoin is a centralized cryptocurrency exchange known for its wide range of services related to crypto assets. It also features an NFT exchange, trading bots, a self-custody wallet, and a launchpad for IEOs.
Background
Established in 2017, KuCoin has grown to offer several services, including spot trading, futures trading, margin trading, and P2P trading. Michael Gan and Johnny Lyu founded KuCoin.
How It Works
KuCoin’s native token, KCS, offers several benefits to its holders. Holders earn a portion of the exchange’s fees, get discounts on trading fees, and get early access to IEOs. KuCoin uses some of its monthly fees to buy back and burn KCS tokens, effectively reducing the overall supply.
Key Takeaways
- KuCoin is a centralized cryptocurrency exchange known for its extensive range of crypto-related services.
- It was founded in 2017 by Michael Gan and Johnny Lyu.
- KuCoin offers various services, including spot, futures, margin, and P2P trading.
- It features an NFT exchange, trading bots, a self-custody wallet, and a launchpad for IEOs.
- KuCoin’s native token, KCS, offers multiple benefits, including earning a portion of the exchange’s fees, trading fee discounts, and early access to IEOs.
