KUCOIN
KuCoin, a leading cryptocurrency exchange, is pleased to announce the upcoming upgrade of its Know Your Customer (KYC) authentication rules and systems, effective July 15, 2023. This strategic move aims to embrace global compliance requirements, foster a safer trading environment, and bolster the security level of user accounts.
The upgraded KYC framework details are listed below:
Mandatory KYC for New Users: Starting from July 15, 2023, all newly registered users must complete KYC to access KuCoin's comprehensive suite of products and services. This requirement ensures a high level of accountability and transparency within the platform.
Limited Services for Non-KYC Users: For users who registered before July 15, 2023, failure to complete the KYC process will restrict their access to certain features. Specifically, these users can only utilize services such as Spot trading sell orders, Futures trading deleveraging, Margin trading deleveraging, KuCoin Earn redemption, and ETF redemption. Deposit services will not be available, although withdrawals will remain unaffected.
“As people's exchange, KuCoin has always prioritized the security of users' assets. As a globalized exchange, KuCoin closely monitors the crypto policies of various countries and respects compliance requirements, providing users with enhanced asset security. With the development of the cryptocurrency industry, crypto has gradually moved from a geek towards mass adoption. However, this process has also brought about certain security issues concerning on-chain assets.
"In light of this, KuCoin has strengthened our KYC system to comply with regulatory requirements worldwide and better protect the asset security of all cryptocurrency users through enhanced KYC rules," Johnny Lyu, CEO of KuCoin, emphasized.
Please note that during the upgrade period, users 'assets are all safe during the upgrade period, and KuCoin will strive to deliver better services. For inquiries or concerns regarding the KYC authentication adjustment, users are encouraged to visit the support center for comprehensive information, join the Telegram group, or contact the online customer service team. Please refer to the KuCoin blog for further information.
About KuCoin:
Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform focused on inclusiveness and community action reach, it offers over 700 digital assets. It provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 27 million users in 207 countries and regions.
In 2022, KuCoin raised over $150 million in investments through a pre-Series B round, bringing total investments to $170 million with Round A combined, at a total valuation of $10 billion. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. Forbes also named KuCoin one of the Best Crypto Exchanges in 2023. In 2022, The Ascent named KuCoin the Best Crypto App for enthusiasts.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230628022769/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
De’Longhi Launches the Perfetto 3.0 Global Campaign Starring Brad Pitt to Solidify Its Worldwide Coffee Leadership8.9.2025 19:43:00 CEST | Press release
Premiered at the Venice Film Festival, the new campaign captures the emotions and experience of the Perfetto coffee ritual De’Longhi has launched its third global campaign centered on the world of coffee on the occasion of the 82nd Venice Film Festival, where the brand is a supporter and present with special activations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250908690655/en/ Brad drinking coffee The new campaign reflects De’Longhi’s continued evolution into alifestyle brand rooted in Italian design and innovation. This 3rd chapter builds upon a proven track record from recent years, which has supported the Group in growing the business and solidifying its market leadership. This campaign is set to be the Group's most extensive to date, with significant consumer reach across all traditional, digital, and social media channels, engaging and targeting the broadest possible audience among coffee lovers and prospective c
Second Front Systems to Launch Game Warden® Platform on AWS European Sovereign Cloud8.9.2025 18:31:00 CEST | Press release
Availability on AWS European Sovereign Cloud will enable accelerated ISV compliance and deployment while meeting stringent data sovereignty requirements. Second Front Systems (2F), a Technology Partner in the Amazon Web Services (AWS) Partner Network (APN), today announced that its 2F Game Warden® platform will be available on AWS European Sovereign Cloud. The announcement builds on Second Front's deep technical expertise and proven customer success in delivering security solutions on AWS. Organizations across Europe face complex regulatory requirements, including Germany's C5, and the EU's Digital Operational Resilience Act (DORA) and NIS2 Directive. The availability of 2F Game Warden on AWS European Sovereign Cloud provides a pre-validated solution that helps customers meet these stringent compliance requirements while maintaining data residency within EU borders. “Digital sovereignty isn’t just about compliance—it’s about building trust and resilience,” said Tyler Sweatt, CEO of Sec
Experian Ranked 6th in 2025 IDC FinTech Rankings: Top 1008.9.2025 18:15:00 CEST | Press release
Places in the top-10 global technology providers for the fourth consecutive year Experian today announced that it was ranked 6th in the 2025 IDC FinTech Rankings: Top 100, rising one spot from last year’s rankings and placing in the top-10 global technology providers for the fourth consecutive year. The FinTech Rankings feature enterprise companies from around the world that serve multiple industries and generate significant revenues from the financial services and FinTech industries. “Experian helps financial services organizations tackle their toughest business challenges by delivering continuous innovation in AI decisioning, advanced analytics, and fraud prevention,” said Alex Lintner, CEO of Experian Technology & Software. “As one of the world’s largest FinTech companies, this recognition underscores how we empower customers globally to accelerate operations, expand financial inclusion, reduce risk with transformative AI, and ultimately drive stronger business results.” A prime exa
Balsam Hill Proudly Announces Its Commitment to a More Sustainable Christmas Tree8.9.2025 18:00:00 CEST | Press release
Balsam Hill®, the global leader in high-quality, true-to-nature, reusable, artificial Christmas trees and holiday décor, proudly announces an innovation in how its heirloom-quality Christmas trees are now being made using more sustainable materials. Since 2006, Balsam Hill has been committed to reusability, quality, realism, and innovation in the Christmas trees its millions of customers have come to love. In that spirit, Balsam Hill is proud to be the first retailer in the world to offer Christmas trees with True Needle® tips made with plant-based polyethylene, derived from sugarcane, not fossil fuels. And just as exciting, as of the holiday 2025 season production line, all the brand’s other True Needle trees will now incorporate 30% post-consumer GRS-certified recycled polyethylene made from tear-away water bottle caps. Both changes were made without sacrificing the quality controls and safety considerations required for each Balsam Hill tree, including the company’s three-year warra
Xsolla and Global Game Jam Announce a New Webinar to Help Indie Developers Grow Player Bases and Generate First Sales for Their Games8.9.2025 18:00:00 CEST | Press release
Practical Strategies For Attracting Players And Monetizing Games Will Be Shared In A Live Panel Featuring Xsolla Leaders, Game Developers, And Industry Experts Xsolla, a leading global video game commerce company, announces a new collaboration with Global Game Jam (GGJ) to host a live webinar for indie developers titled “From Zero to 1K: Growing Your Player Base and Making Your First $$.” The session will take place on Tuesday, September 9, 2025, at 10:00 AM PT, offering actionable strategies to help developers attract their first audience and begin generating sustainable revenue. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250908673871/en/ (Graphic: Xsolla) Bringing together game industry leaders and experienced developers, the event will provide beginner-friendly insights on how to make a game appealing to players while establishing effective monetization tactics. Attendees will learn how to avoid common early mistakes
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom