KuCoin

🌐 Company Overview

KuCoin Global, abbreviated as KuCoin, was established in September 2017. Originally registered in China, it has moved to Singapore in response to the regulatory environment, and finally has its headquarters in Seychelles. The company is privately held and operates through Peken Global Ltd.

The operating status is: global operation (expected to return after two years of withdrawal from the U.S. market), with a cumulative number of more than 41 million users, covering 200+ countries and regions, and a peak daily trading volume of more than $3.1 billion.

💰 Registered capital and shareholding structure

The exact amount of registered capital is not disclosed in public information. In terms of shareholding structure, it is mainly held by the founding team, and multiple rounds of strategic investors have been introduced:

• Series A (2018): led by IDG Capital, Matrix Partners, and Neo Global Capital, raising about $20 million

• Pre-Series B (May 2022): Introduced Jump Crypto and others, raising more than $150 million in total and valuing nearly $10 billion

👨 💼 core executives and consultants

• founders: Chun Gan (aka Michael), Ke Tang (Eric), Michael Gan, Johnny Lyu

• Current CEO: BC Wong (to take over in 2025, Former Chief Legal Officer)

• other senior management information is unknown, and there is no system display on the official website. The advisory team is not specifically listed in the public information.

🏛 Company Structure & Parent & Subsidiary

• parent company: Peken Global Ltd (registered in Seychelles)

• The business units include: KuCoin Global, KuCloud, KuChain, KCS Business Group。

📧 Technical infrastructure

KuCoin is built on a self-developed blockchain architecture, covering Spot, Margin, Futures, Options, DeFi, lending, mining and other businesses, supporting AI-driven transactions, automated trading bots and multiple interface authentication (2FA, anti-phishing code, Touch ID, transaction password).

🛡 compliance and risk control system

• implement ISO 27001:2022 and SOC 2 Type II certification to

• carry out bug bounty, reward more than $5,000

• to establish a multi-level risk control mechanism, There have been security incidents including hot and cold wallet separation, KYC, AML, SAS (suspicious reporting) mechanisms

• : $281 million in hot wallets were stolen in 2020, and 78% of the balance was recovered in cooperation with law enforcement and covered by insurance funds

⚖ Regulatory Information & Compliance Progress

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U.S. (DOE & DOJ)

• indicted by the Attorney General of New York in March 2023, Agreed to exit the New York Stock Exchange and pay a $22 million settlement in December 2024

• Indicted by the U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice in January 2024 for failing to implement AML/KYC mechanisms and accepting suspicious funds

• Pleading guilty in January 2025 in federal court in New York, pleading guilty to operating an unlicensed transmission business, fined nearly $300 million (112.9M criminal fine+ 184.5M confiscation), the two co-founders eventually withdrew from operations, and the company withdrew from the U.S. market for at least two years.

1. Canada

   • 2021 OSC unlicensed operation charges, was forced to withdraw from Ontario in 2022 and fined about 209.year wrong ($2 million CAD + about $100,000 investigation fee).

2. Dutch

   • Dutch central bank warned in December 2022 that it was unregistered and non-compliant.

3. The UK

   • was placed on the FCA's unauthorised list in October 2023.

4. India

   • India's FIU approves its VASP registration in May 2024 with a penalty of IPT 3.5 million.

🧩 Market Positioning & Competitive Advantage

• the world's top five digital asset trading platforms, with more than 41 million users, covering 200+ regions

• and providing 900+ (more than 1000 publicity) supported currency trading varieties, including Spot, Margin, Options, Futures, P2P, OTC, lending, staking, etc

• .:

  • powerful market coverage and user scale

  • to quickly iterate multi-variety trading functions (AI robots, smart limits, options, Cross-margin, copy trading, payment cards, news AI provision, etc.)

  • multi-certification security and audit qualificationsOwn

  • token KCS ecosystem: transaction fee discounts, reward mechanisms, governance participation Honors

• include: 2023-2025 consecutive Forbes Best Exchange, Best Staking Platform, etc.

💼 Core Business & Services

• Spot trading, Margin margin trading,

• futures and options (including Futures Perks, Copy Trading, Options Trading, Custom Limit Orders),

• P2P Fiat, OTC Trading, Lending & Staking (Auto-Earn, Smart Earn, etc.)

• KuCard Visa payment card with Apple Pay

• KuCoin Pay Merchant Payment Portal (Launched in Q1 2025)

🛠 Trading Software & Infrastructure

Web

• , Desktop, Mobile Client: Lite/Pro mode available, AI trading bot (12 strategies), Auto Limit, Custom UI

• interface support: API retrieval, anti-phishing code, multi-factor authentication, automatic logout mechanism and other

• BUG reward mechanism: encourage the community to report security issues

💳 deposit and withdrawal method

• Support cryptocurrency deposits and withdrawals, P2P Fiat and OTC withdrawals, cooperate with multiple local payment channel

• wallets to separate hot and cold, and support KuCard payment card consumption and withdrawal through KYC/transaction password/email/mobile phone and other

🗣 Customer Support & Enablement

• Multilingual customer service (including Chinese, Russian, Spanish, Portuguese, Chinese traditional, etc.)

• Online support: 24/7 customer service, FAQ, Telegram/community group

• education empowerment: KuCoin Learn & Earn, Research, News AI, market news, expert analysis

🏛 Regulatory status and license number

• In India, holds FIU VASP registration (2024-05)

New

• York, USA, withdrew from the agreement and did not release the license; Pleading guilty to operating without a license in the U.S., and therefore barred from trading until 2027

📈 Financial health

• A, The Series B round has accumulated about $170 million and is valued at about $10 billion

• Facing a total regulatory fine of about $322 million (U.S. criminal fine of $297 million + New York fine of 0.022 million + Indian fine, etc.),

• no independent financial report has been released, but the platform attaches importance to retention and solvency, and has PoR (proof of assets) public disclosure

🌍 Market segmentation, positioning and competitiveness

• positioned as a global medium and large crypto mainstream exchange

• to compete with Binance, Coinbase, etc., the advantage lies in diversified products, rapid innovation, multilingual operation

• Market focus: rich currencies, strong coverage of edge markets (India, Latin America, Southeast Asia, etc.)

🎯 Strategic Partnership Ecosystem

• Partnering with SIG, Jump Crypto and other institutions en.wikipedia.org

Partnering with Thailand Exchange ERX to launch KuCoin Thailand (online on April 22, 2025)
Actively

• deploy VASP compliance and payment ecosystem interoperability

🌱 ESG & Corporate Social Responsibility

ESG is not detailed in public information, but the implementation of information security certification, vulnerability rewards, and KYC/AML compliance can be regarded as responsible practices; He has taken the initiative to recover the assets of lost users. There are no sustainable investments or emission reduction measures disclosed.

🛠 Details of the compliance and risk control system

• security authentication (ISO, SOC 2), Bug Bounty, PoR

• multi-identity authentication (2FA, mobile phone, email, transaction password),

• wallet separation strategy, hot and cold wallet hierarchical storage

• KYC/AML/SAR Video Policy

• Process2020 Post-Hacking Audit+Insurance

• CoverageMulti-Country Restricted Access, Regulatory Exit Policy

🗺 Future roadmap (as of 2025 Q1–Q2)

• 2025 Q1: KuCoin Pay (merchant payment), KuCoin News, Increasing Compliance Rebuilding

• 2024 Q4–Q3: Enhanced Options Tools, Copy Trading, AI Strategy Bots, KuCard x Apple Pay, and More

• 2024 Q1–Q4: Continued Product Innovation and Compliance Expansion (India FIU Compliance, Futures, OTC, News Products, etc.).

🔍

summary KuCoin is the world's leading integrated trading platform for crypto assets, with a rich product matrix and global service coverage, but it faces historical compliance issues and high fines. The core of the future is "compliance reconstruction + product iteration + global expansion". After exiting the U.S., the company will focus on high-potential markets such as India and Southeast Asia, and return to mature markets on a compliance basis. Overall, KuCoin has a strong market foundation, a flexible structure, and medium- and long-term competitiveness.