KuCoin s CEO Johnny Lyu revealed that the crypto exchange had gotten ready for the market volatility thanks to its experience in the room.
Johnny Lyu, the CEO of crypto exchange KuCoin, informed NASDAQ in a current interview that the business had actually planned for the cryptocurrency winter.
The crypto space has been in a bearish trend for almost a year currently, with the rates of most coins down by more than 60% from their all-time highs.
The crypto wintertime has seen some firms take extreme measures, such as applying for insolvency and also cutting their labor force. Nonetheless, KuCoin didn t take any one of these procedures.
When asked about their performance in the bearish market, Lyu claimed;
The value of the crypto wintertime is substantially overemphasized. We have been in the cryptocurrency sector for a number of years, we are ready for market volatility, and also we understand how to handle it. Since the establishment of KuCoin, we have constantly prepared to make the change and also welcome even more modifications. We constructed a system for all classes of investors since of daring to alter. Due to daring to transform, we offer our users as individuals
s exchange. Lyu has been in charge of KuCoin for the past couple of years, as well as he stated that he is appreciating his time leading the cryptocurrency exchange. He told NASDAQ that;
It & s truly a wonderful sensation! These last five years are living testament of our integrity as well as security. The group and also I are bewildered with a genuine sense of pride. Delighted Anniversary to all users of KuCoin and our workers! We remain in the leading five, over 700 cryptocurrencies are detailed on the exchange, as well as we have 20 million customers, one countless whom have actually been with us since the initial year of KuCoin procedure.”
KuCoin was launched in 2017 and continues to be one of the leading cryptocurrency exchanges worldwide.
Relating to KuCoin s future overview, Lyu said the company is concentrating on safeguarding the interests of its customers around the world who intend to deal cryptocurrencies, spend as well as trade.