# KuCoin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kucoin

- Industry: Financial Services
- Headquarters: Mahé, Seychelles
- Website: www.kucoin.com
- Total disclosed funding: $170M
- Latest round: Series B (May 10, 2022)
- Investors on record: 5

## About

KuCoin is a global cryptocurrency exchange platform that facilitates the trading of a diverse range of digital assets, providing services such as spot trading, futures trading, and crypto lending to both individual and institutional investors.Founded in 2018 in Mahé, Seychelles, KuCoin operates as a cryptocurrency exchange that offers a wide variety of trading services. Noteworthy is their recent pivot to enhance user security and risk management systems. The company was co-founded by Kent Li along with Garin Yaputra, Johnny KuCoin, Johnny LYU, and KuCoin Gan. KuCoin raised USD 150 mn in Series B funding on May 10, 2022, led by Jump Crypto with other investors including Circle Ventures and IDG Capital, bringing the total amount raised to USD 150 mn and valuing the company at USD 10,000 mn.KuCoin operates as a comprehensive cryptocurrency exchange platform, providing a suite of services designed to facilitate the buying, selling, and trading of various digital assets. Key product offerings include spot trading, futures trading, margin trading, and a range of financial products such as crypto lending and staking through KuCoin Earn. The platform caters to individual and institutional investors by enabling trading in a diverse array of cryptocurrencies, including well-known assets like Bitcoin (BTC), Ethereum (ETH), and KuCoin Token (KCS). KuCoin's services are accessible to users globally, with a strong presence in markets such as Asia, Europe, and North America, addressing the needs of users seeking to engage in cryptocurrency trading, investment, and asset management. The company continually updates its features and tools to enhance user experience, including the introduction of a trading bot and educational resources through KuCoin Learn.KuCoin generates revenue primarily through transaction fees collected from its users during various trading activities on the platform. The fee structure is typically tiered, with varying rates applicable depending on the type of service utilized, such as spot trading or futures trading. For instance, users engaging in spot trading may incur a small percentage fee per transaction, while those utilizing margin trading services might face different pricing based on their trading volume. The company also earns revenue from additional services, such as crypto lending and the use of proprietary trading bots, which provide users with automated trading options. This multifaceted approach allows KuCoin to cater to a wide range of customer segments, from retail traders to larger institutional clients, thereby establishing a robust revenue-generating model without publicly disclosing specific financial figures.In May 2022, KuCoin raised USD 150 mn in venture funding led by Jump Crypto, with the capital directed towards developing its core trading system, supporting global regulation efforts, and enhancing security and risk management systems. Plans for future growth include the introduction of new products aimed at improving user engagement and expanding their service offerings. Additionally, the company is targeting entry into new geographic regions and markets to broaden its user base by the end of 2023.

## Funding rounds

- Series B, May 10, 2022, $150M — IDG Capital, MPC, Jump Crypto, Circle Ventures
- Series A, Nov 9, 2018, $20M — IDG Capital, MPC, NEO Global Capital

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A, Series B
- MPC — Series A, Series B
- NEO Global Capital — Series A
- Jump Crypto — Series B
- Circle Ventures — Series B